Colorado Pulls Tax Rug Out From Under Renewable Energy
Colorado's nascent industry that produces power from renewable sources such as wind, solar and bio-mass could come to a sputtering halt.
Industry observers say the expiration of production tax credits for several types of renewable energy sources and the delay in passing the energy bill could hurt new investment.
For instance, a tax credit of 1.8 cents per kilowatt-hour for electricity generated from wind expired on Dec. 31, 2003. Similar production credits for power from closed-loop biomass and poultry waste also expired at the end of 2003.
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