Congress May Allow Energy Tax Credits, Other Breaks to Expire Ahead of Review

摘要

Congress may allow dozens of tax breaks to end in December, ahead of a comprehensive review of the U.S. tax code. The tax provisions are scheduled to expire at the end of 2013, and tax lobbyists and analysts told Bloomberg BNA that by letting the tax extenders die now, lawmakers begin the process of deciding which of the breaks should be let go permanently in the next year or two. Some, such as the production tax credit for wind energy and credits for efficient home appliances, are especially vulnerable, industry sources said. Others, such as the research and development credit, are broadly popular and likely to survive in the long run, they said.