Bill · H.R. 2187· House(119-HR-2187)
To amend the Internal Revenue Code of 1986 to disallow the production tax credit and investment tax credit for offshore wind facilities placed in service in the inland navigable waters of the United States or the coastal waters of the United States.
- Introduced
- 3/18/2025
- Last activity
- 3/18/2025 — Referred to the House Committee on Ways and Means.
- Sponsored by
- Pat Fallon
- Cosponsors
- - 4 - 0
- Introduced
- In Committee
What this bill would do
This bill aims to amend the Internal Revenue Code of 1986. It seeks to disallow the production tax credit and the investment tax credit for offshore wind facilities. These changes would apply to facilities placed in service in the inland navigable waters or the coastal waters of the United States. The bill modifies sections 45, 45Y, 48, and 48E of the code. These amendments would take effect for energy produced and property placed in service after December 31, 2025.
Yes
Does this reduce what the federal government owes?+1
Reducing tax expenditures for offshore wind may slightly reduce the federal deficit.
Does this make the government pay for what it commits to?+1
The bill limits government revenue foregone through specific energy tax credits.
The opposite· 3 of 7
Does this put more money into wind, solar and other renewable power?-5
The bill discourages investment in offshore wind renewable energy projects.
Does this cut the pollution that drives climate change?-4
Removing incentives for offshore wind may slow the transition to renewable energy and increase carbon emissions.
Would business owners be better off under this?-3
The removal of tax credits negatively impacts energy business owners and developers.
Who it would affect, and how
Potential Positive Impacts for People
-
The bill disallows the investment tax credit for certain offshore wind facilities (Section 1(a)).
-
The bill modifies the renewable resources production tax credit regarding facilities in inland or coastal waters (Section 1(b)).
-
The bill prevents certain offshore wind facilities from being treated as qualified facilities for the clean electricity production tax credit (Section 1(c)).
-
The bill prevents certain offshore wind facilities from being treated as qualified facilities for the clean electricity investment tax credit (Section 1(d)).
Potential Negative Impacts for People
-
Offshore wind facilities located in the inland navigable waters or coastal waters of the United States would no longer be treated as qualified facilities for the clean electricity production tax credit (Section 1(c)).
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Offshore wind facilities located in the inland navigable waters or coastal waters of the United States would no longer be treated as qualified facilities for the clean electricity investment tax credit (Section 1(d)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Environment Energy And Infrastructure
- Increases Renewable Energy Investment-5Reduces Carbon Emissions-4
- Demographic And Interest Groups
- Good For Business Owners-3Good For Union Workers-2
- Economy And Finance
- Improves Fiscal Responsibility+1Reduces National Debt+1Increases Corporate Taxes-3Increases Job Creation-2Improves Economic Growth-1
- 3/25/2025
- 1 Cosponsor added.
- 3/18/2025
- Referred to the House Committee on Ways and Means.
- 3 Cosponsors added.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Andrew ClydeRepublican · Georgia
Lance GoodenRepublican · Texas
Brandon GillRepublican · Texas
Harriet HagemanRepublican · Wyoming