To amend the Internal Revenue Code of 1986 to disallow the production tax credit and investment tax credit for offshore wind facilities placed in service in the inland navigable waters of the United States or the coastal waters of the United States.
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsors
- 4
- Latest action
- Feb 21, 2025
What it does
This bill would amend the Internal Revenue Code to eliminate federal tax credits for offshore wind facilities located in U.S. inland navigable or coastal waters. Specifically, it would disallow the investment tax credit, the renewable resources production tax credit, and the clean electricity production tax credit for such facilities. The change would apply to offshore wind projects placed in service after December 31, 2025, affecting developers seeking these incentives for wind energy projects in those geographic areas.
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
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Where it goes next
While a bill can still move, the questions are about people and money.