arrow_back Back to App

Repeal of Renewable Energy Tax Credits

This bill proposes to eliminate two key tax credits that currently support the production of electricity from renewable sources and investments in energy projects. This means that companies in the renewable energy sector may lose existing financial support, which could impact energy costs and the development of new projects.
Key points
Ends the production tax credit for electricity generated from renewable resources (e.g., wind, solar) for electricity produced and sold after December 31, 2021.
Ends the investment tax credit for energy projects (e.g., building solar power plants) for taxable years beginning after December 31, 2021.
These changes may affect the profitability of renewable energy investments and potentially energy prices for consumers.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_6644
Sponsor: Rep. Perry, Scott [R-PA-10]
Process start date: 2022-02-08
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

To amend the Internal Revenue Code of 1986 to repeal the production tax credit and the investment tax credit.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_6644.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-02-08.

What are the main provisions?

Key points include:

  • Ends the production tax credit for electricity generated from renewable resources (e.g., wind, solar) for electricity produced and sold after December 31, 2021.
  • Ends the investment tax credit for energy projects (e.g., building solar power plants) for taxable years beginning after December 31, 2021.
  • These changes may affect the profitability of renewable energy investments and potentially energy prices for consumers.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Perry, Scott [R-PA-10].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Taxes Environment Economy