Bill
Bill > HR3473
summary
Introduced
06/25/2019
06/25/2019
In Committee
06/25/2019
06/25/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
To amend the Internal Revenue Code of 1986 to provide for an investment tax credit related to the production of electricity from offshore wind. This bill allows an energy tax credit for investment in qualified offshore wind property, the construction of which begins before January 1, 2026. The bill defines "qualified offshore wind property" as an offshore facility using wind to produce electricity.
AI Summary
This bill, the Offshore WIND Act, amends the Internal Revenue Code to provide an investment tax credit for the production of electricity from offshore wind. The bill allows an energy tax credit for investment in qualified offshore wind property, which is defined as an offshore facility using wind to produce electricity. The construction of such property must begin before January 1, 2026, to be eligible for the credit. The bill also includes a special rule that allows certain offshore wind properties placed in service after December 31, 2016, to be treated as qualified offshore wind property for tax purposes, even if they previously received a different tax credit.
Committee Categories
Budget and Finance
Sponsors (32)
James Langevin (D)*,
Nanette Barragán (D),
Don Beyer (D),
Earl Blumenauer (D),
Lisa Blunt Rochester (D),
Matt Cartwright (D),
David Cicilline (D),
Emanuel Cleaver (D),
Gerry Connolly (D),
Diana DeGette (D),
Anna Eshoo (D),
Bill Foster (D),
Raúl Grijalva (D),
Marcy Kaptur (D),
Bill Keating (D),
Joseph Kennedy (D),
Derek Kilmer (D),
Mike Levin (D),
Daniel Lipinski (D),
Zoe Lofgren (D),
Doris Matsui (D),
Jim McGovern (D),
Grace Meng (D),
Eleanor Holmes Norton (D),
Chris Pappas (D),
Chellie Pingree (D),
Mark Pocan (D),
Dutch Ruppersberger (D),
Adam Smith (D),
Tom Suozzi (D),
Paul Tonko (D),
Jeff Van Drew (R),
Last Action
Referred to the House Committee on Ways and Means. (on 06/25/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/house-bill/3473/all-info |
| BillText | https://www.congress.gov/116/bills/hr3473/BILLS-116hr3473ih.pdf |
| Bill | https://www.congress.gov/116/bills/hr3473/BILLS-116hr3473ih.pdf.pdf |
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