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This bill disallows the production tax credit and investment tax credit for offshore wind facilities placed in service in the inland navigable waters or coastal waters of the United States after December 31, 2025.
Patrick Fallon
Representative
TX
Patrick Fallon
Representative
TX
This bill amends the Internal Revenue Code to disallow the production tax credit and investment tax credit for offshore wind facilities placed in service in the inland navigable waters or coastal waters of the United States. It specifically restricts eligibility for the Clean Electricity Production Tax Credit and the Clean Electricity Investment Tax Credit for these projects. These changes will take effect for property placed in service after December 31, 2025.
Prohibits tax credits for offshore wind facilities in U.S. inland navigable or coastal waters, effective after 2025.
Patrick Fallon
Representative
TX
Patrick Fallon
Representative
TX
This bill amends the Internal Revenue Code to disallow both the production tax credit and the investment tax credit for offshore wind facilities placed in service in the inland navigable waters or coastal waters of the United States. These changes will be effective for energy produced and property placed in service after December 31, 2025.