3.7.19 Renewable Energy Associations Urge Congress to Pass Tax Extender Legislation

3.7.19 Renewable Energy Associations Urge Congress to Pass Tax Extender Legislation

 

Renewable Energy Associations Urge Congress to Pass Tax Extender Legislation  

Tax season drawing to a close, certainty needed for hydropower, biomass, biogas and waste-to-energy

Washington, D.C. – March 7, 2019 – The American Biogas Council, Biomass Power Association, Energy Recovery Council and the National Hydropower Association today issued the following statement urging Congress to immediately pass legislation to extend the expired tax credits for their respective technologies. The tax credits have remained lapsed since the end of 2017, creating confusion for the numerous industry sectors that utilize these incentives to support deployment of clean energy solutions.  The continued uncertainty also undermines the effectiveness of these incentives and stands as a needless barrier to additional job creation and economic growth.

“In a highly competitive energy market, this glaring disparity in tax policy has significantly impacted project deployment in our sectors, while other renewable resources have enjoyed years of certainty with long-term extensions of their tax credits.

“Our groups strongly support the Tax Extender and Disaster Relief Act of 2019 introduced on February 28 by Senate Finance Committee Chairman Chuck Grassley and Ranking Member Ron Wyden.  We applaud them for their leadership on this issue. We urge the Senate to take up this bill as soon as possible and for the House to follow suit expeditiously. With the closing of the 2018 tax season in the coming weeks, quick action on this issue is critical. Once the extenders package is passed, we look forward to a discussion on the long-term future of renewable energy incentives.”

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