The wind industry is requesting a phaseout by 2018, but wind projects can qualify for the full PTC until the start of 2016.
http://www.law360.com/articles/474754/new-tax-credit-timeline-will-give-wind-industry-a-leg-up
Does this make any sense? The wind industry is requesting a delay,
hoping that a different Congress continues the PTC indefinitely. That is
the number one reason for this Congress to NOT extend the PTC. If this
Congress kicks the can down the road again, it WILL NEVER stop. Also,
what mechanism of oversight is there with respect to the IRS? The IRS
just so happens to have had some issues lately with respect to oversight
and political activity. What if these projects really don't qualify or
material that would be used in one project was actually purchased prior
to or during the construction of a different project? How could both
projects receive the PTC? What recourse is there to prevent waste,
fraud, and abuse? The wind industry got a
phaseout on January 1, 2013. Let it be.
I just read this:
https://www.wind-watch.org/news/2013/10/01/house-committee-to-probe-wind-tax-credit-as-expiration-date-once-again-approaches/
There is a House Committee hearing concerning the PTC, TODAY 10/2.
These are the fax and phone numbers for the members of Congress on this
subcommittee:
PLEASE CONTACT NOW. PLEASE USE MY ARGUMENT IF YOU WISH. PLEASE FORWARD
THIS EMAIL TO EVERYONE ON YOUR LIST. I JUST WANT IT RELAYED TO MEMBERS
OF THE SUBCOMMITTEE.
James Lankford
Phone:
(202) 225-2132
Fax:
(202) 226-1463
https://twitter.com/replankford
https://www.facebook.com/RepLankford
Tim Walberg
Phone:
(202) 225-6276
Fax:
(202) 225-6281
https://twitter.com/RepWalberg
https://www.facebook.com/RepWalberg
Paul Gosar
Phone:
(202) 225-2315
https://twitter.com/repgosar
https://www.facebook.com/repgosar
Thomas Massie
Phone:
(202) 225-3465
Fax:
(202) 225-0003
https://twitter.com/RepThomasMassie
https://www.facebook.com/RepThomasMassie
Scott Desjarlais
T
(202) 225-6831
F
(202) 226-5172
https://twitter.com/DesJarlaisTN04
https://www.facebook.com/ScottDesJarlaisTN04
Rob Woodall
Phone:
(202) 225-4272
Fax:
(202) 225-4696
https://www.facebook.com/RepRobWoodall
Blake Farenthold
Phone:
(202) 225-7742
Fax: (202) 226-1134
https://twitter.com/farenthold
https://www.facebook.com/BlakeFarenthold
Patrick McHenry
Telephone: 202.225.2576
Fax: 202 225 0316
https://twitter.com/PatrickMcHenry
https://www.facebook.com/CongressmanMcHenry
Patrick Meehan
Phone: (202) 225-2011
https://twitter.com/RepMeehan
https://www.facebook.com/CongressmanPatrickMeehan
Doc Hastings
(202) 225-5816
Fax: (202) 225-3251
https://twitter.com/dochastings
https://www.facebook.com/RepDocHastings
Jason Chaffetz
Phone: (202) 225-7751
https://twitter.com/Jasoninthehouse
https://www.facebook.com/CongressmanJasonChaffetz
Jim Jordan
T (202) 225-2676
F (202) 226-0577
https://twitter.com/Jim_Jordan
https://www.facebook.com/repjimjordan
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