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Ending Tax Credits for Offshore Wind Facilities in Great Lakes

This bill aims to stop tax credits for companies building offshore wind farms in the Great Lakes. This means wind projects in these waters will no longer receive special financial incentives from the government, which could affect their profitability and development.
Key points
Ends investment tax credit for offshore wind facilities in the Great Lakes.
Applies to taxable years beginning after December 31, 2022.
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Expired
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Additional Information
Print number: 118_HR_426
Sponsor: Rep. Langworthy, Nicholas A. [R-NY-23]
Process start date: 2023-01-20
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Lakes Before Turbines Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_426.

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 2023-01-20.

What are the main provisions?

Key points include:

  • Ends investment tax credit for offshore wind facilities in the Great Lakes.
  • Applies to taxable years beginning after December 31, 2022.
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. Langworthy, Nicholas A. [R-NY-23].

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 Economy