Recent Legislative Developments In Renewable Energy Tax Incentives

Four new bills recently introduced in Congress would amend or clarify tax incentives available for certain renewable energy projects and, for a subset of such projects, would extend or expand current tax incentives.

Tax Technical Corrections Act of 2009. On Dec. 2, 2009, House Ways and Means Committee Chairman Charles Rangel (D-N.Y.) and Ranking Member Dave Camp (R-Mich.) introduced H.R. 4169, Tax Technical Corrections Act of 2009 (the "Corrections Bill"). The Corrections Bill makes technical corrections to recently enacted tax legislation, including corrections to the energy provisions of the Internal Revenue Code (the "Code"), as amended earlier this year by the American Recovery and Reinvestment Act (the "Stimulus Act").