Bipartisan group of lawmakers urges IRS to clarify PTC rules soon

03/7/2013 | SNL Financial (free content)

A group of lawmakers led by Sens. Michael Bennet, D-Colo., and Jerry Moran, R-Kan., wrote a letter to the Internal Revenue Service, asking it to issue its guidance on the amended language of the wind-energy Production Tax Credit "as soon as possible." The absence of "clear IRS guidance ... may soon result in uncertainty among potential investors," the lawmakers wrote in the letter. "AWEA and our member companies appreciate the leadership taken by Senators Bennet and Moran and the support from other senators to urge the IRS to issue guidance regarding the new eligibility requirement for the PTC," interim CEO Rob Gramlich said.

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