Reps. Elise Stefanik, R-N.Y. and Scott Peters, D-Calif. have introduced the Renewable Electricity Tax Credit Equalization Act (H.R. 4186), which would extend and modify tax credits for qualifying renewable energy technologies — including biomass, WTE, hydropower, marine energy and biogas. The bill, which has been referred to the House Committee on Ways and Means, would reinstate the production tax credit (PTC) back to its December 2017 expiration and extend both the PTC and investment tax credit (ITC) for qualifying projects that commenced construction before 2025. It would also eliminate the current 50% PTC reduction for these technologies. “Unfair tax policies have hampered efforts to work toward a clean energy future for far too long, and I’m proud to lead the effort to ensure equal treatment from the government within renewable energy production,” Stefanik said in a statement. More >>
