The
$205bn
“Family
and
Business
Tax
Cut
Certainty
Act
of
2012”
passed
in
a
19-5
bipartisan
vote.
It
contains
dozens
of
other
tax
cuts
known
as
“extenders”
that
have
expired
or
are
scheduled
to
expire
at
the
end
of
this
year.
For
offshore
wind,
the
bill
changes
eligibility
to
projects
that
“commence
construction”
before
expiration
of
the
tax
credit
from
those
under
the
existing
law
that
had
been
“placed
in
service.”
Developers
have
been
lobbying
lawmakers
to
do
this
given
they
could
not
obtain
regulatory
approval
for
even
small
projects
from
the
Interior…
