Senate Bill Aims To Extend Wind Energy Tax Credit

Law360, New York (December 4, 2009, 4:56 PM EST) -- Sen. Chuck Grassley, R-Iowa, has introduced legislation to extend through 2016 tax credits for the production of electricity from renewable energy sources including wind and open-loop biomass facilities.

He introduced the Clean Renewable Energy Advancement Tax Extension Jobs Act of 2009 on the day of a White House jobs summit, saying any legislation to boost jobs should include the credits.

Grassley, ranking member of the Senate Finance Committee, said in Thursday's announcement that getting the tax incentives extended was important to help businesses secure the loans...
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