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Wind Tax Break Going Before US Senate Again

By: AP
By: AP

DENVER (AP) -- Supporters of extending a tax break for wind energy are trying again just two days after the U.S. Senate shot down a similar proposal.

A bipartisan group of senators from Colorado, Iowa, Massachusetts, Nevada and Oregon introduced legislation Thursday to extend the tax break for two years.

The tax break will expire at the end of the year without an extension.

The Senate voted against the proposal on Tuesday. Colorado Democratic Sens. Mark Udall and Michael Bennet warned that the budding wind industry in their state would suffer a serious setback without it.

The tax break is called a producer tax credit. It helps offset the cost of electricity production during a wind farm's first 10 years.


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