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.

This bill would stop certain federal tax breaks for offshore wind projects in U.S. waters. It says offshore wind facilities in inland navigable waters or in coastal waters would no longer qualify for the clean electricity production credit or the investment tax credit. In short, offshore wind projects in the water would not get these federal tax incentives anymore.

The change would apply to energy produced and property placed in service after December 31, 2025. The bill updates the tax code to treat these offshore wind projects as “not qualified” for those credits going forward.

• Who is affected: Companies developing offshore wind projects in U.S. inland navigable or coastal waters
• What changes: Ends eligibility for the clean electricity production credit and the investment tax credit for those projects
• When: Applies to energy produced and property placed in service after December 31, 2025