The American Corn Growers Association (ACGA), has endorsed a legislative initiative by Senator Byron Dorgan, D-N.D., to extend the Production Tax Credit (PTC) for wind-generated electricity.



"ACGA supports a long-term extension of the PTC," said ACGA president Keith Bolin. "ACGA also supports amending Section 45 of the U.S. Tax Code pertaining to the federal PTC for renewable energy, such as wind, to allow farmers and other individuals to utilize full value of the PTC and not be subject to the passive investment rules or the alternative minimum tax (AMT)."



Senator Dorgan announced recently he will introduce major energy legislation to promote the development of renewable energy and hydrogen fuel cell technology. Dorgan said the bills are meant to boost new research, spur economic growth, and work toward American energy independence. Dorgan announced the new bills at the 2005 Renewable Energy in the Upper Midwest Conference, which he sponsored with the University of North Dakota's Energy and Environmental Research Center (EERC).



Source: Association Release