We have been working to gets those orphans, like Geothermal (Section 25= residential & Section 48= commercial) as well as 179D included in an “Extenders Tax Bill”. I’m pleased to share, Senate Republicans have filed their extenders bill (attached) today, and 179D and Geothermal are in the package. The extension is for one year retrospective and one year prospective- certainly not perfect, but we are there.
In terms of next steps, there is a desire to move the bill on the Senate side. Unclear whether that will be before year end or early January. Given the state of play, early January looks more likely at this juncture but everything is very fluid right now.
It is important to note that, regardless of the timing, hurdles remain - including on the House side and from a deficit perspective. We’ll stay in on developments.
Please do not hesitate to be in touch base with any questions or for additional information.