H.R. 2187

119th CONGRESS 1st Session

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.

IN THE HOUSE OF REPRESENTATIVES · March 18, 2025 · Sponsor: Mr. Fallon · Committee: Committee on Ways and Means

Table of contents

• H.R. 2187
  • SEC. 1. Disallowance of investment tax credit and clean electricity production credit for certain offshore wind facilities

SEC. 1. Disallowance of investment tax credit and clean electricity production credit for certain offshore wind facilities

• (a) Investment tax credit
  • of the Internal Revenue Code of 1986 is amended by striking subparagraph (F). Section 48(a)(5)
• (b) Renewable resources production tax credit
  • Section 45(d)(1) of such Code is amended by striking the period at the end and inserting .
• (c) Clean electricity production tax credit
  • (E) Certain offshore wind facilities not treated as qualified facilities
    • (i) The term shall not include any disqualified offshore wind facility. qualified facility
    • (ii) For purposes of this subparagraph, the term means an offshore wind facility which is located in the inland navigable waters of the United States or in the coastal waters of the United States. disqualified offshore wind facility
  • Section 45Y(b)(1) of such Code is amended by adding at the end the following new subparagraph:
• (d) Clean electricity investment tax credit
  • (D) Certain offshore wind facilities not treated as qualified facilities
    • The term shall not include any disqualified offshore wind facility (as defined in section 45Y(b)(1)(E)(ii)). qualified facility
  • Section 48E(b)(3) of such Code is amended by adding at the end the following new subparagraph:
• (e) Effective date
  • The amendment made by this section shall apply to energy produced and property placed in service after December 31, 2025.