PTC Extension Fails Despite Governors' Call

Jennifer Delony, Wednesday 30 July 2008 - 01:00:00

In July 29 congressional action on the most recent iteration of an extension to the federal production tax credit – Senate Bill 3335 – a motion to proceed to consideration of the measure was withdrawn in the Senate.

On July 23, governors of all 50 states and the U.S. Virgin Islands and Northern Mariana Islands sent a letter to Sens. Harry Reid and Mitch McConnell, Rep. John Boehner, and Speaker Nancy Pelosi calling for a five-year extension of the tax credit for renewable energy.

In the letter, the governors indicate that efforts to extend tax credits that will expire in December have "fallen short" and an extension is necessary "as soon as possible." The governors also say they support extension of tax credits as a supplement to the extensive renewable energy policies they have advanced at the state level.





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