summary
Introduced
06/26/2019
06/26/2019
In Committee
06/26/2019
06/26/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
A bill to amend the Internal Revenue Code of 1986 to extend the energy credit for offshore wind facilities. This bill extends the 30 % energy tax credit for offshore wind facilities that begin construction by January 1, 2027, or the year that the United States has increased its offshore wind capacity by not less than 3,000 megawatts as compared to such capacity on January 1, 2020, whichever is later.
AI Summary
This bill extends the 30% energy tax credit for offshore wind facilities that begin construction by January 1, 2027, or the year that the United States has increased its offshore wind capacity by at least 3,000 megawatts compared to January 1, 2020, whichever is later. The bill also requires the Secretary of the Treasury, in consultation with the Secretary of Energy, to report annually on the increase in the offshore wind capacity of the United States until the credit extension is triggered.
Committee Categories
Budget and Finance
Sponsors (13)
Tom Carper (D)*,
Sherrod Brown (D),
Ben Cardin (D),
Susan Collins (R),
Chris Coons (D),
Martin Heinrich (D),
Angus King (I),
Ed Markey (D),
Bob Menendez (D),
Jack Reed (D),
Brian Schatz (D),
Elizabeth Warren (D),
Sheldon Whitehouse (D),
Last Action
Read twice and referred to the Committee on Finance. (on 06/26/2019)
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/senate-bill/1988/all-info |
| BillText | https://www.congress.gov/116/bills/s1988/BILLS-116s1988is.pdf |
| Bill | https://www.congress.gov/116/bills/s1988/BILLS-116s1988is.pdf.pdf |
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