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Save America’s Clean Energy Jobs Act

This bill amends the Internal Revenue Code of 1986 to provide direct payments for the renewable electricity production credit, the energy credit, and the carbon oxide sequestration credit. Taxpayers may elect to treat the credit amount as a payment against tax for applicable facilities and properties.
Key points
Establishes an election for direct payment of the renewable electricity production credit.
Allows direct payments for the energy credit regarding applicable energy property.
Includes direct payments for the carbon oxide sequestration credit.
Applies to facilities where construction began before January 1, 2023, and were placed in service after March 25, 2021.
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Status: Expired
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Additional Information
Print number: 117_S_985
Sponsor: Sen. Carper, Thomas R. [D-DE]
Process start date: 2021-03-25