House Tax Bill Trims Wind Tax Credit, Extends Nuclear Provision
- GOP measure preserves threatened wind and solar tax credits
- Legislation could change as it winds through Congress
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Tax credits cherished by the wind and solar industry remain under a rewrite of the tax code revealed by House Republicans, but the tax overhaul bill would trim the wind energy’s production tax credit by more than a third.
The bill, unveiled by House GOP leaders Thursday, also extends an estimated $6 billion tax credit for the nuclear industry, which would benefit Southern Co. Without the extension, the credit may have gone unused before a 2021 deadline. Southern’s Vogtle project in Georgia faces construction delays and is not on track to be completed before the deadline.