Bill > HR6474

This bill amends the Internal Revenue Code to expand the definition and eligibility of energy communities for renewable electricity production and clean electricity investment tax credits. Specifically, the bill modifies two sections of the tax code: first, it broadens the definition of eligible areas for the renewable electricity production credit by inserting "or non-metropolitan statistical area" alongside existing metropolitan statistical area language, which effectively expands the geographic regions that can qualify for enhanced tax credits. Second, the bill removes a specific clause limitation in the clean electricity investment credit rate, which appears to remove a previous restriction on calculating the credit. The amendments are designed to be retroactively applied, taking effect as if they were included in a previous public law (Public Law 119-21) from a prior legislative session. By expanding the definition of energy communities and removing certain credit calculation restrictions, the bill aims to incentivize renewable energy development in a broader range of locations, potentially encouraging more diverse and widespread clean energy infrastructure investment across different types of geographic areas.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/6474/all-info