U.S. Rep. Jan Schakowsky (D-IL,9) reintroduced federal legislation Friday seeking to make the Renewable Energy Production Tax Credit (PTC) permanent.
The PTC, which supports development of renewable energies, is currently a temporary measure and requires renewal from Congress.
The "Prioritizing Energy-Efficient Renewables (PEER) Act," which Schakowsky first introduced back in 2013, would permanently extend the PTC and also end three oil and gas industry tax credits, including the "tax credit for intangible drilling costs, the domestic manufacturing tax credit for oil and gas, and the percentage depletion credit for oil and gas wells," according to the congresswoman's office.
"We applaud Congresswoman Schakowsky for introducing a bill that will help drive the development of clean, affordable wind energy and help secure the health of families and the health our communities," said Sierra Club Executive Director Michael Brune said in a statement. "Whether it is the Pope's clarion call for climate action or the strong international momentum moving us toward a climate deal in Paris, this legislation helps lead the way forward while helping create jobs in our growing clean energy economy."
Reintroduction of the PEER Act comes the same week U.S. Sen. James Lankford (R-Oklahoma) proposed legislation in the Senate to eliminate PTC tax credits. Lankford has proposed phasing out the PTC by 2026, claiming that the wind industry, in particular, no longer needs such tax credits because it has "made major strides over the past two decades" and is now economically sustainable.