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Wind industry representatives said yesterday that an upcoming payroll tax cut extension bill is “effectively the last chance” to extend the federal production tax credit for wind power without disrupting operations.
E&E Daily (subscription required) reports manufacturers and suppliers are already facing a drop in orders in 2013 due to uncertainty over the tax credit. A bipartisan House bill, HR 3307, to extend the credit currently has 68 cosponsors.
The panel discussion was organized by the American Wind Energy Association, which has said failure to renew the credit could result in the loss of as many as 37,000 jobs. [PDF]