Washington, DC – Colorado U.S. Senator Michael Bennet introduced an amendment to the Senate’s budget proposal that instructs Congress to extend expired and expiring tax credits for renewable energy. The tax credits should be extended for a reasonable period of time as a bridge until Congress completes its work on tax reform.
“Colorado is a leader in clean and renewable energy, and our producers and manufacturers are looking for certainty from Congress,” Bennet said. “The production tax credit and investment tax credit for wind and solar energy have helped create thousands of jobs in our state. As we work on tax reform, we need to extend these credits to give the clean energy industry the predictability they need.”
Since coming to the Senate, Bennet has introduced several proposals to improve the tax code for the energy industry. In the absence of energy tax reform, he has pushed to extend the wind energy production tax credit that supports thousands of jobs in Colorado and across the country. Bennet also introduced a bipartisan bill that would allow solar companies to benefit from the investment tax credit as soon as they start construction.
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