SOLAR TODAY Blog


>>House passes renewable tax credit extensions
May 22, 2008, 3:41 pm
Filed under: Policy

The House of Representatives on Wednesday passed HR 6049, extending federal production tax credits for wind by a year and an assortment of other renewable tax credits by three years.

The vote was 263-160 — about 20 votes short of the supermajority required to override a presidential veto. The Bush Administration has promised to veto the bill.

The tax credit extension now faces more hurdles in the Senate, where no agreement is evident on how to offset the bill’s $54 billion price tag.

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