It was referred to the Ways and Means committee.
This bill eliminates the energy-related tax credit for investment in certain offshore wind facilities after 2021.
117th CONGRESS 2d Session |
To amend the Internal Revenue Code of 1986 to end the investment tax credit for offshore wind facilities in the inland navigable waters of the United States.
April 26, 2022
Mr. Jacobs of New York introduced the following bill; which was referred to the Committee on Ways and Means
To amend the Internal Revenue Code of 1986 to end the investment tax credit for offshore wind facilities in the inland navigable waters of the United States.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. ITC for certain offshore wind facilities prohibited after 2021.
(a) In general.—Section 48(a)(5)(F)(ii) of the Internal Revenue Code of 1986 is amended by inserting “(other than any of the Great Lakes)” after “in the inland navigable waters of the United States”.
(b) Effective date.—The amendment made by this section shall apply to taxable years beginning after December 31, 2021.
You can read the bill here.
