Politics

Extending Solar Tax Credits Tentatively Linked to Covid Aid Deal

  • Package of tax credits eyed for must-pass spending bill
  • Agreement reached among House and Senate tax committees
Photographer: Cate Dingley/Bloomberg
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U.S. congressional leaders have tentatively agreed to a package of tax incentives including extension of credits for wind and solar projects that would be incorporated into a must pass-government funding bill if a deal on Covid stimulus can be reached, according to a person familiar with the negotiations who asked not to be identified.

The package renewing tax breaks, which could also provide tax cuts for beer-brewers and the storage of carbon dioxide, has been the subject of bipartisan talks that have yielded agreement on the House and Senate tax writing committees, according to a congressional aide, who also asked not to be identified.