“The sad thing is, it creates uncertainty in the marketplace—just the fact that this proposal is out there.”
House Republicans unveiled a massive tax reform bill last week. While it wasn’t as damaging to renewables as many feared, the changes still pose a threat.
Wind and electric vehicles stand to lose the most. Lawmakers are looking to slash tax credits for wind by more than a third and eliminate the $7,500 federal credit for electric-vehicle purchases. The Senate is crafting its own version of the bill, however, so many of the proposals in the House version may never become law.
“This bill is going to get written in the Senate, because a lot of this stuff is not going to survive,” said Greg Jenner, a tax attorney at Stoel Rives who works with renewable energy companies. “The sad thing is, it creates uncertainty in the marketplace — just the fact that this proposal is out there.”
Here’s our breakdown of how the 429-page House tax bill could impact wind, solar, utilities, electric vehicles and more.
Source: greentechmedia
