Senate GOP tax bill preserves wind PTC, EV tax credits

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Senate GOP tax bill preserves wind PTC, EV tax credits
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The Senate bill, released by leadership of the Finance Committee, would preserve the current $7,500 federal tax credit for electric vehicles as well as a 2.3¢/kWh production tax credit for wind energy slated to sunset in 2020. The House bill would reduce the PTC to 1.5¢/kWh and eliminate the EV tax credit.

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