Bill > HR3330

This bill, called the Energy Freedom Act, proposes to repeal numerous tax credits, deductions, and incentives related to clean energy, renewable resources, and environmentally friendly technologies across multiple sections of the Internal Revenue Code. Specifically, the bill would eliminate tax credits for energy-efficient home improvements, residential clean energy, electric and alternative fuel vehicles, sustainable aviation fuel, electricity produced from renewable resources, zero-emission nuclear power, clean hydrogen production, advanced manufacturing, clean electricity production and investment, and commercial clean vehicles, among others. The bill would remove these tax incentives for property, vehicles, and equipment placed in service or acquired after December 31, 2025, effectively rolling back many green energy tax subsidies that were previously established to encourage the development and adoption of clean energy technologies. Additionally, the bill would repeal certain provisions related to elective payment for energy property and the transfer of tax credits, which were introduced in recent legislation to support clean energy initiatives. The comprehensive nature of the bill suggests a significant policy shift away from providing tax incentives for green energy and environmentally friendly technologies.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/3330/all-info