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PRODUCTION TAX CREDIT SAFE SO FAR
1 January 1996
America's production tax credit for wind projects is so far safe. As expected the credit -- one-and-a-half cents a kWh -- was axed in the budget reconciliation bill that was passed by the US Congress. But also as expected, the bill was immediately vetoed by US President Bill Clinton, because of issues other than the minuscule budget matter of wind. In December, wind lobbyists still expected the next draft budget bill not to include axing of the credit. "Our expectation is they won't go after the production tax credit," said Randy Swisher of the American Wind Energy Association on December 13. It was not clear, however, what the timetable might be for the next version of the budget bill.
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