WASHINGTON, D.C. – November 20, 2015 – (RealEstateRama) — The PTC Elimination Act this week received its 50th cosponsor. The bill, authored by U.S. Congressmen Kenny Marchant (TX-24) and Mike Pompeo (KS-04), would make the tax code simpler, fairer and more competitive through a phase-out and repeal of the renewable energy Production Tax Credit, or PTC.
The PTC Elimination Act has also been endorsed by a coalition of the nation’s largest conservative advocacy and public policy organizations, including Heritage Action for America, American Energy Alliance, Americans for Tax Reform, and Americans for Prosperity.
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