Wind industry trade newspaper interview with Sen Baucus (D)

[kristopher]

Baucus On Cash-Grant Extension: 'I'll Find A Place For It'

The man in charge of spearheading the tax code says he will do everything in his power to extend the Section 1603 program, commonly known as the cash grant program, when Congress reconvenes this week during its lame-duck session.

Sen. Max Baucus, D-Mont., is chairman of the Senate Committee on Finance, with sole jurisdiction over the tax code.

When contacted by NAW shortly after the mid-term elections, Baucus vowed to extend - or apply retroactively - the Section 1603 cash grants, which are widely credited with keeping the wind industry afloat during a time when the tax equity market vanished.

As chairman, Baucus led passage of the program as part of the American Recovery and Reinvestment Act of 2009, in addition to extending a three-year extension of the production tax credit, which expires at the end of 2012.

Passing Section 1603 and other policies affecting wind will not be easy....

http://www.nawindpower.com/e107_plugins/content/content.php?content.6885