in News Departments > New & Noteworthy
print the content item

The 109th Congress approved the Tax Relief and Health Care Act of 2006 (H.R.6111), a bill that extends a package of tax cuts that promote the production of renewable energy, including wind, for another year. This clears the act for President Bush's signature.

If President Bush signs the bill, the renewable energy production tax credit (PTC) will be extended until Dec. 31, 2008. The act allows an extra $400 million of clean renewable energy bonds to be issued, which will finance the construction of facilities that produce renewable energy. In addition, it extends the tax credit for construction of energy-efficient homes and energy-efficient commercial buildings.

According to Senator Kent Conrad, D-N.D., who serves on the Senate finance committee that oversees the tax policy, the bill will help the country reduce its dependence on foreign sources of energy.


Trachte Inc._id1770
Latest Top Stories

Report Disputes U.S. Agency's Renewable Energy Projections

A new analysis from the Sun Day Campaign says renewables are slated to provide 16% of U.S. generating capacity by 2018 - over 20 years earlier than forecast by the Energy Information Administration.


Kansas Renewables Mandate Survives Yet Another Attack, But Is It Too Early To Celebrate?

Over the past three years, some legislators have tried to either weaken or repeal the state's renewable portfolio standard, which requires Kansas utilities to reach 20% renewables by 2020.


AWEA Highlights U.S. Wind Success Stories Of 2013

Despite a 92% drop in new capacity last year, the sector still has myriad reasons to celebrate, according to a new report from the American Wind Energy Association.


Feds List New Bird Species As Threatened - Should Wind Developers Be Worried?

The U.S. Fish and Wildlife Service is designating the lesser prairie-chicken as threatened under the Endangered Species Act. An expert explains how this might affect the wind industry.


Senate Committee Passes Bill With Two-Year PTC Extension

The Senate Finance Committee has voted on a tax extenders package, which includes both the production tax credit (PTC) and investment tax credit, and sent it to the floor.

JLG_id1900
WomenofWind_id
UEA_id1896
Acciona_id1907
AWEA_id1886
bonfiglioli_id1913