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U.S.
Senator Member of the Agriculture, Energy and Veterans Affairs
Committees |
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For Immediate
Release December 12, 2007 |
CONTACT:Stephanie Valencia – 202-228-3630 |
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| Senator Salazar Praises Defeat of Anti-Small Wind Amendment WASHINGTON, DC – Today, as the United States Senate continues work on the 2007 Farm Bill, the Senate defeated an amendment (79-14) offered by Senator Lamar Alexander that would have limited Senator Salazar’s small wind tax credit that Senator Salazar fought to include in the bill. Senator Salazar’s small wind tax credit provision makes small wind technologies more accessible to homeowners, ranchers, farmers and small business owners. It would create a 30% investment tax credit (up to $4,000) for the installation of small wind systems, typically less than 10 KW. The total cost of the credit is only around $5 million for 2008. Senator Salazar’s provision would be the first federal small wind tax credit in more than 20 years. “This Farm Bill is fundamental to our clean energy future,” said Senator Salazar. “The U.S. is the world-leader in wind technologies, and small wind has huge potential in the U.S. But, quite frankly, we’ve been ignoring its possibilities for too long. We should be working to get these clean energy technologies out the door, so that more property owners and business owners can cut their energy bills and have a cheap, renewable source right at home.” Senator Alexander’s amendment would have undermined the effectiveness of Senator Salazar’s provision. It would have limited the tax credit to farms and rural small businesses (as defined by the IRS), and it would have excluded rural residential property and commercial property suitable for small wind applications. There were two fundamental flaws with Senator Alexander’s amendment.
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