Tom Harkin: “I am introducing today the Wind Power Tax Incentives Act of 2003. I am pleased to be joined by Senator Dayton. This…”

“I am introducing today the Wind Power Tax Incentives Act of 2003. I am pleased to be joined by Senator Dayton. This legislation makes it easier for farmers and others around the country to invest in wind power for commercial electricity production. Wind power is a clean, economical, and reliable source of renewable energy abundant on farms and in rural areas in Iowa and elsewhere. With this legislation we can help farmers help themselves by developing a new source of income, and help the rest of the country in the production of renewable energy. Farmers are ready to take on this effort. A recent study found that 93 percent of corn producers support wind energy generally. They also strongly support the farm bill's historic energy title. This bill complements the farm bill's energy programs and other wind power initiatives currently being considered by this body. The bill would make changes to Federal tax law to make the section 45 wind production tax credit more widely available to farmers, farm cooperatives, and other investors.”