H.R. 1462 (119th)Bill Overview

To amend the Internal Revenue Code of 1986 to disallow the production tax credit…

Taxation|Taxation
Cosponsors
Support
Republican
Introduced
Feb 21, 2025
Discussions
Bill Text
Current stageCommittee

Referred to the House Committee on Ways and Means.

Introduced
Committee
Floor
President
Law
Congressional Activities
01 · The brief
Plain-English summaryWhat this bill actually does

This bill removes federal production and investment tax credits for offshore wind facilities located in the inland navigable waters or coastal waters of the United States. It amends sections of the Internal Revenue Code (Sections 48, 45, and 45Y) to exclude such facilities from eligibility and makes the change effective for energy produced and property placed in service after December 31, 2025.

Why people may split

Liberals stress climate and renewable-job losses; conservatives stress limiting subsidies and protecting coasts.

Watch point

Narrow, easily understood change could attract supporters and opponents; likely partisan divide and industry pushback.

This bill removes federal production and investment tax credits for offshore wind facilities located in the inland navigable waters or coastal waters of the United States.

It amends sections of the Internal Revenue Code (Sections 48, 45, and 45Y) to exclude such facilities from eligibility and makes the change effective for energy produced and property placed in service after December 31, 2025.

The bill defines a "disqualified offshore wind facility" as one located in inland navigable waters or coastal waters.

Passage25/100

Narrow but politically sensitive; likely to face unified opposition from energy and environmental stakeholders and high Senate barriers.

CredibilityPartial

How solid the drafting looks.

Contention72/100

Liberals stress climate and renewable-job losses; conservatives stress limiting subsidies and protecting coasts.

02 · What it does

Who stands to gain, and who may push back.

Likely benefits vs burdens50% / 50%
Federal agenciesUtilities

These are examples from the analysis, not a ranked list of the most-affected groups.

Likely helped
  • Federal agenciesEliminates federal tax credits for offshore wind in inland navigable and coastal waters, reducing subsidy support.
  • Federal agenciesReduces projected federal tax expenditures associated with those offshore wind credits.
  • Potential benefitMay protect nearshore navigation, fishing, and coastal uses by discouraging nearby project siting.
Likely burdened
  • Potential burdenLikely reduces investment in U.S. offshore wind projects sited in the excluded waters.
  • Potential burdenCould result in fewer construction and operations jobs tied to those offshore projects.
  • UtilitiesMay slow deployment of utility-scale offshore wind generation, affecting clean energy supply growth.
03 · Why people split

Why the argument around this bill splits.

Liberals stress climate and renewable-job losses; conservatives stress limiting subsidies and protecting coasts.
Progressive10%

Likely to oppose the bill as a step backward for federal renewable energy policy and climate goals.

Would view removing tax credits as reducing incentives for decarbonization, green jobs, and U.S. clean energy supply chains.

May argue the provision arbitrarily penalizes offshore wind without offering alternatives.

Likely resistant
Centrist45%

Mixed view: sympathetic to maritime, fisheries, and local impacts but cautious about removing clean-energy incentives outright.

Sees rationale for targeted siting rules but worries about clarity, market disruption, and climate targets.

Would look for narrower approaches or compensating measures.

Split reaction
Conservative80%

Likely to support the bill as a reasonable limitation on federal subsidies and an assertion of local/ maritime interests.

Views it as preventing federal overreach, protecting navigation, fisheries, and coastal property values, and stopping taxpayer-funded support for contested projects.

Leans supportive
04 · Can it pass?

The path through Congress.

Introduced

Reached or meaningfully advanced

Committee

Reached or meaningfully advanced

Floor

Still ahead

President

Still ahead

Law

Still ahead

Passage likelihood25/100

Narrow but politically sensitive; likely to face unified opposition from energy and environmental stakeholders and high Senate barriers.

Scope and complexity
52%
Scopemoderate
24%
Complexitylow
Why this could stall
  • No Congressional cost estimate included
  • Degree of industry and state lobbying response
05 · Recent votes

Recent votes on the bill.

No vote history yet

The bill has not accumulated any surfaced votes yet.

06 · Go deeper

Go deeper than the headline read.

Included on this page

Liberals stress climate and renewable-job losses; conservatives stress limiting subsidies and protecting coasts.

Narrow but politically sensitive; likely to face unified opposition from energy and environmental stakeholders and high Senate barriers.

Unlocked analysis

Pro readers get the full perspective split, passage barriers, legislative design review, stakeholder impact map, and lens-based policy tradeoff analysis for To amend the Internal Revenue Code of 1986 to disallow the pro…

Go beyond the headline summary with full stakeholder mapping, legislative design analysis, passage barriers, and lens-by-lens tradeoff breakdowns.

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