Bill > S2118

This bill, the Clean Energy for America Act, would amend the Internal Revenue Code to provide tax incentives for increased investment in clean energy. Key provisions include: - Establishing a new clean electricity production credit and a clean electricity investment credit to incentivize the production and use of electricity from qualified clean energy facilities. - Providing a new clean fuel production credit to incentivize the production and sale of low-carbon transportation fuels. - Enhancing existing tax credits for energy efficiency in residential and commercial buildings, as well as for geothermal heat pumps. - Terminating various tax provisions related to fossil fuels. - Requiring the use of qualified apprentices in construction, alteration, or repair work on certain clean energy projects. - Adjusting the qualifying advanced energy project credit and allowing direct payment options for several energy-related tax credits. - Limiting the importation of certain energy equipment and components produced with forced or child labor. - Providing payments to small businesses and certain individual taxpayers to offset any negative effects of the bill's changes.

https://www.congress.gov/bill/117th-congress/senate-bill/2118/all-info