summary
Introduced
10/28/2019
10/28/2019
In Committee
10/28/2019
10/28/2019
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 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 its capacity on January 1, 2020, whichever is later. The bill also specifies that the term "qualified offshore wind facility" refers to a qualified facility located in the inland navigable waters, coastal waters, exclusive economic zone, or outer Continental Shelf of the United States. Additionally, the bill requires the Secretary, in consultation with the Secretary of Energy, to issue annual reports on the increase in the United States' offshore wind capacity since January 1, 2020.
Committee Categories
Budget and Finance
Sponsors (4)
Last Action
Referred to the House Committee on Ways and Means. (on 10/28/2019)
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/4887/all-info |
| BillText | https://www.congress.gov/116/bills/hr4887/BILLS-116hr4887ih.pdf |
| Bill | https://www.congress.gov/116/bills/hr4887/BILLS-116hr4887ih.pdf.pdf |
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