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Governors' Wind Energy Coalition

December 18, 2017

Late Friday afternoon, the House-Senate Conference Committee released its conference report for theTax Cuts and Jobs Act. The House and Senate are scheduled to vote on the negotiated bill by this Friday, December 22, which is also the deadline for the passage of the federal funding resolution for 2018.

The House’s wind and solar tax credits cut backs are not in the final bill.  The tax credit for electric vehicles was also spared.  The original Senate version of the bill included a Base Erosion Anti-Abuse Tax (BEAT) provision that would have prevented multi-national companies from using the tax credits. Under the compromise bill, those companies can use 80 percent of the tax credit.

Other tax credits for renewable energy resources such as fuel cells, geothermal power, micro turbines, and combined heat and power plants were omitted from the final bill. These credits, which were also dropped from the wind and solar incentive bill in 2015, could be considered in a separate extenders bill early next year, Senator Lisa Murkowski said on Friday.

This harrowing legislative sprint of the past few weeks taught us once again that well-funded anti-renewable energy interest groups will threaten the states’ renewable energy development policies wherever they can.

The good news was the emergence of a growing list of senators, such as Iowa Senator Chuck Grassley, South Dakota Senator John Thune, Colorado Senator Cory Gardner, and Kansas Senator Pat Roberts, who have become effective advocates for their states’ renewable energy future.

We’ll keep you posted as the bill moves through Congress this week.


Note: News clips provided do not necessarily reflect the views of coalition or its member governors.