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
