Referred to the House Committee on Ways and Means.
This bill amends the Internal Revenue Code to bar the federal investment tax credit (ITC) for offshore wind facilities located in the inland navigable waters of the United States (excluding the Great Lakes). The change is effective for taxable years beginning after December 31, 2022, removing ITC eligibility for such projects.
Progressives emphasize climate and renewable deployment harms
Relative to its intended legislative type, this bill is a straightforward, narrowly scoped substantive amendment to the Internal Revenue Code that identifies a specific tax provision to be limited and supplies an effective date.
This bill amends the Internal Revenue Code to bar the federal investment tax credit (ITC) for offshore wind facilities located in the inland navigable waters of the United States (excluding the Great Lakes).
The change is effective for taxable years beginning after December 31, 2022, removing ITC eligibility for such projects.
Targeted rollback of a renewable-energy tax incentive faces organized industry and stakeholder opposition and needs broad legislative vehicles to clear both chambers.
Relative to its intended legislative type, this bill is a straightforward, narrowly scoped substantive amendment to the Internal Revenue Code that identifies a specific tax provision to be limited and supplies an effective date. The draft, however, lacks precision in operative wording, does not define key terms or address transitional and boundary issues, and omits fiscal and oversight particulars that would improve clarity for administration and compliance.
Progressives emphasize climate and renewable deployment harms
These are examples from the analysis, not a ranked list of the most-affected groups.
Progressives emphasize climate and renewable deployment harms
Overall, a liberal/left-leaning observer would likely view this bill negatively because it removes a federal subsidy for a clean energy technology, potentially slowing renewable deployment.
They would note the bill’s narrow geographic carveout but see it as an unhelpful constraint on climate progress unless strong environmental reasons and alternatives are provided.
A centrist/moderate would see tradeoffs: respecting local waterway concerns has merit, but removing a federal tax incentive risks investment certainty and climate progress.
They would seek clearer definitions, cost estimates, and narrowly tailored language to balance local impacts and energy goals.
A mainstream conservative would likely favor the bill because it ends a federal subsidy for wind projects in inland navigable waters, aligns with limited-government and taxpayer-savings principles, and protects local waterway uses.
They would view it as a reasonable restriction on where federal credits apply.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Targeted rollback of a renewable-energy tax incentive faces organized industry and stakeholder opposition and needs broad legislative vehicles to clear both chambers.
The bill has not accumulated any surfaced votes yet.
Progressives emphasize climate and renewable deployment harms
Targeted rollback of a renewable-energy tax incentive faces organized industry and stakeholder opposition and needs broad legislative vehic…
Relative to its intended legislative type, this bill is a straightforward, narrowly scoped substantive amendment to the Internal Revenue Code that identifies a specific tax provision to be limited and supplies an effect…
Go beyond the headline summary with full stakeholder mapping, legislative design analysis, passage barriers, and lens-by-lens tradeoff breakdowns.