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Ending Tax Credits for Offshore Wind Facilities in US Waters.

This bill aims to eliminate tax credits for offshore wind facilities located in the inland navigable waters or coastal waters of the United States. This means new projects in these specific locations will no longer receive financial support through production tax credits or investment tax credits. This could impact energy costs and the development of renewable energy in these regions.
Key points
Tax Credit Discontinuation: Offshore wind facilities built in US inland navigable or coastal waters after December 31, 2025, will no longer qualify for production tax credits or investment tax credits.
Potential Impact on Energy Costs: The removal of these credits may increase the cost of building and operating such facilities, potentially leading to higher energy prices for consumers or slowing down wind project development in these areas.
Shift in Support Policy: The bill alters the framework for supporting renewable energy, potentially shifting focus to other types of projects or locations.
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Status: Introduced
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Additional Information
Print number: 119_HR_1462
Sponsor: Rep. Fallon, Pat [R-TX-4]
Process start date: 2025-02-21
System Note: Lustra is free, publicly auditable civic infrastructure — full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source—always verify them if you can.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

To amend the Internal Revenue Code of 1986 to disallow the production tax credit and investment tax credit for offshore wind facilities placed in service in the inland navigable waters of the United States or the coastal waters of the United States.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_1462.

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 2025-02-21.

What are the main provisions?

Key points include:

  • Tax Credit Discontinuation: Offshore wind facilities built in US inland navigable or coastal waters after December 31, 2025, will no longer qualify for production tax credits or investment tax credits.
  • Potential Impact on Energy Costs: The removal of these credits may increase the cost of building and operating such facilities, potentially leading to higher energy prices for consumers or slowing down wind project development in these areas.
  • Shift in Support Policy: The bill alters the framework for supporting renewable energy, potentially shifting focus to other types of projects or locations.
What is the specific legal status?

The current status is Introduced.

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. Fallon, Pat [R-TX-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 2025-12-22.

What is the impact of this bill?

We don't know—that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Taxes Environment Economy