Business Council for Sustainable Energy backs bill extending tax credits

The Business Council for Sustainable Energy (BCSE) supports a bill introduced in the U.S. Senate that would extend a broad package of expired 2017 and 2018 tax credits through Dec. 31, 2019.

The bill was introduced this week by Sens. Chuck Grassley (R-IA), Senate Finance Committee Chairman, and Ron Wyden (D-OR), the Senate Finance Committee Ranking Member.

“BCSE commends Senators Grassley and Wyden on the introduction of this bipartisan piece of legislation to extend tax measures and we would like to see the legislation enacted quickly,” BSCE President Lisa Jacobson said. “To this end, the Council’s signed on to a letter from a coalition of trade organizations in support of a broad package of tax extenders.”

Jacobson said it is essential to enact the energy tax extenders for energy efficiency as well as the non-wind Production Tax Credit technologies, which relates to hydropower, waste to energy, biomass, biogas, and geothermal.

“This is needed to provide a more even competitive environment for investment in these sectors. BCSE looks forward to working with Congress on this legislation and other energy tax measures to benefit our nation’s energy infrastructure, and to continue U.S. leadership in the development and deployment of advanced energy technologies,” Jacobson added.