Referred to the House Committee on Ways and Means.
The bill repeals a set of federal tax credits in Subpart D of the Internal Revenue Code, including sections 45, 45J, 45Q, 45U, 45V, 45X, 45Y and sections 48, 48A–48E, and makes numerous conforming amendments throughout the Code. It also amends the general business credit and several related provisions to remove references to those credits.
Climate vs market freedom: left stresses emissions; right stresses subsidy removal.
Relative to its intended legislative type, this bill is a clearly-specified substantive tax-law change that directly repeals numerous energy-related tax credit provisions and includes thorough conforming edits and a clear effective date.
The bill repeals a set of federal tax credits in Subpart D of the Internal Revenue Code, including sections 45, 45J, 45Q, 45U, 45V, 45X, 45Y and sections 48, 48A–48E, and makes numerous conforming amendments throughout the Code.
It also amends the general business credit and several related provisions to remove references to those credits.
The changes apply to taxable years beginning after December 31, 2024.
Substantial rollback of widely used incentives with strong stakeholder opposition and no compromise features makes enactment unlikely absent major political shifts.
Relative to its intended legislative type, this bill is a clearly-specified substantive tax-law change that directly repeals numerous energy-related tax credit provisions and includes thorough conforming edits and a clear effective date. It is strong on statutory specificity and integration with existing Code structure but minimal on explanatory, fiscal, transitional, and oversight elements.
Climate vs market freedom: left stresses emissions; right stresses subsidy removal.
These are examples from the analysis, not a ranked list of the most-affected groups.
Climate vs market freedom: left stresses emissions; right stresses subsidy removal.
Likely strongly opposed.
Repealing major renewable, clean-energy, and carbon-capture tax credits undermines federal climate policy and incentives for low-carbon investment.
They will view this as a rollback of recent clean energy support and a threat to emissions reductions, jobs, and consumer energy costs.
Mixed, leaning toward concern.
Appreciates reducing targeted tax expenditures and simplifying the code, but worries about economic disruptions, energy reliability, and near-term price effects.
Would favor measured, evidence-driven approaches such as phased repeal or analysis of fiscal and market impacts.
Generally supportive.
Views repeal as removing government subsidies and allowing energy markets to allocate investment without tax preferences.
Sees this as consistent with smaller government, fewer corporate tax expenditures, and fiscal restraint.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Substantial rollback of widely used incentives with strong stakeholder opposition and no compromise features makes enactment unlikely absent major political shifts.
The bill has not accumulated any surfaced votes yet.
Climate vs market freedom: left stresses emissions; right stresses subsidy removal.
Substantial rollback of widely used incentives with strong stakeholder opposition and no compromise features makes enactment unlikely absen…
Relative to its intended legislative type, this bill is a clearly-specified substantive tax-law change that directly repeals numerous energy-related tax credit provisions and includes thorough conforming edits and a cle…
Go beyond the headline summary with full stakeholder mapping, legislative design analysis, passage barriers, and lens-by-lens tradeoff breakdowns.