Climate Changed
Tax Compromise Keeps Wind and Electric-Car Credits, Source Says
- Tax bill would keep pipeline tax provision from Senate bill
- Negotiators still discussing solar, wind tax equity change
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House and Senate negotiators have agreed to spare the electric-vehicle tax credit and wind production tax credit in their compromise package, according to a Republican familiar with the process.
As part of the $1.5 trillion House tax bill, the $7,500 electric-vehicle tax credit would have been eliminated and a the wind production tax credit would have been curtailed. The Senate bill didn’t do either, and that is part of the package set for release, said the person, who asked not to be identified discussing the details before the bill is unveiled.