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Wind tax credit could take a big hit in tax battle http://apocadocs.com/s.pl?1383663959
As Congress works on a tax reform package that could take months to complete, it's looking increasingly likely that the production tax credit, a key wind industry lifeline, will expire shortly after the end of the year -- at least temporarily.
That expiration could hurt the wind industry, which saw construction of new wind projects grind to a virtual halt this year amid uncertainty over the subsidy. The production tax credit gives wind power owners a tax credit of 2.3 cents for each kilowatt-hour of electricity they produce.
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