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Introduced on March 14, 2025 by Nicholas A. Langworthy
This bill would end a federal tax break for certain wind projects. It removes the investment tax credit (ITC) for offshore wind facilities built in inland navigable waters, such as large lakes or rivers. The change would apply starting with tax years after December 31, 2022, meaning those projects would no longer get that credit going forward.
In short, it aims to reduce or stop federal support for building offshore wind in places like the Great Lakes by taking away this tax incentive.