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Ending Tax Credits for Great Lakes Offshore Wind Turbines

This bill aims to stop tax credits for offshore wind turbine projects in the Great Lakes. This means companies building such facilities will no longer receive financial support from the government, potentially affecting energy costs and the development of wind projects in these areas.
Key points
The act removes investment tax credits for offshore wind facilities located in the Great Lakes.
These changes apply to tax years beginning after December 31, 2022.
This may impact the financial viability of new wind turbine construction in the Great Lakes.
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Status: Introduced
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Additional Information
Print number: 119_HR_2133
Sponsor: Rep. Langworthy, Nicholas A. [R-NY-23]
Process start date: 2025-03-14