arrow_back Back to App

New tax credit rules for wind turbines on non-owned land.

This bill introduces new requirements for energy companies seeking tax credits for wind power generation. If wind turbines are located on land not owned by the company, a contractual agreement with the landowner for the removal of the facility and equipment after its useful life will be mandatory. This aims to protect landowners and the environment from abandoned structures.
Key points
Energy companies must have contracts for wind turbine removal on non-owned land to claim tax credits.
Changes apply to wind facilities placed in service after the bill's enactment, providing clear rules for future investments.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_4151
Sponsor: Rep. Buck, Ken [R-CO-4]
Process start date: 2023-06-15
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 require certain contract terms in contracts relating to wind turbines on land not owned by the taxpayer as a requirement in order to claim the credit relating to electricity produced from certain renewable resources.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_4151.

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 2023-06-15.

What are the main provisions?

Key points include:

  • Energy companies must have contracts for wind turbine removal on non-owned land to claim tax credits.
  • Changes apply to wind facilities placed in service after the bill's enactment, providing clear rules for future investments.
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. Buck, Ken [R-CO-4].

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 2025-12-25.

CATEGORIES

Taxes Environment Real Estate