David Burton Comments on “Indefinite” Production Tax Credit Eligibility

Speaking with Environment & Energy Daily, Akin Gump tax partner David Burton discussed the possibility, raised by some lawmakers, that the production tax credit (PTC) could be exploited by developers to yield benefits indefinitely.

Burton, who posts regularly on this and related topics at Akin Gump’s Tax Equity Telegraph blog, said maintaining tax credit eligibility indefinitely would be “difficult and expensive.” He added that, while indefinite PTC eligibility is “theoretically possible,” it would not be economically feasible for almost all companies working in the wind industry.