On April 3, 2014, the Senate Finance Committee approved the Expiring Provisions Improvement Reform and Efficiency (EXPIRE) Act with bipartisan support.  The bill was approved with additional credits that were not part of the original bill, including Credits with Respect to Facilities Producing Energy from Certain Renewable Resources (sections 45 and 48 of the Internal Revenue Code). Senator Wyden commented on the tax extender process in his opening statement to the committee: “Many of these extenders are well-intentioned and ought to be permanent.  Their stop and go nature obviously contributes to the lack of certainty and predictability America needs to create more family wage jobs.  It doesn’t have to be this way.”

More information on the bill and the amendments and modifications can be found here.