Ending Tax Credits for Inland Offshore Wind Facilities
This bill aims to stop investment tax credits for offshore wind facilities located in the inland navigable waters of the United States, excluding the Great Lakes. This means companies building such wind farms will no longer receive financial support through tax credits, potentially impacting energy costs and project development in these areas.
Key points
Investment tax credits for offshore wind facilities in inland navigable waters (excluding the Great Lakes) will be terminated.
These changes apply to tax years beginning after December 31, 2021.
Status:
Expired
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