The Production Tax Credit, a plan Congress created in 1992, provides tax credits to farmers and companies who implement wind energy to help subsidize the cost of installation. Gov. Chet. Culver of Iowa has proposed that Congress adopt a five-year extension of the Production Tax Credit, which is set to expire in December 2009."Investing in wind is investing in job creation and economic growth." Gov.Chet Culver said in a statement. An extension would help make wind energy a permanent and viable energy option not only for Iowa, but the country.The tax credits are performance-based and do not use excessive tax dollars. In order to receive the credit, companies have to hire a certain number of people at a certain wage. The tax credit is meant to offset upstart costs. The implementation of such a power plan shows how committed Iowa is to wind energy and alternative power, he said.
We need a five year extension for the Production Tax Credit. Time passes quickly when dealing with a performance based commodity. Contact your Government officials now!
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