| Proposed legislation introduced to incentivize US offshore wind | |
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Mar 9 2010
Senators Tom Carper (D-DE), Olympia Snowe (R-ME), Sherrod Brown (D-OH) and Susan Collins (R-ME) introduced legislation to provide tax incentives for the production of offshore wind energy. The proposed bill, S. 3062, would specifically apply the production tax credit (PTC) pursuant to Code Section 45 to offshore wind facilities and would provide for a January 1, 2020, expiration date of this PTC. The investment tax credit pursuant to Section 48 would also be amended to apply to offshore facilities placed in service after 2008 and before 2020. |
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