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Offshore Wind Tax Credit Removal Bill
Recent Bills/Offshore Wind Tax Credit Removal Bill

Offshore Wind Tax Credit Removal Bill

IntroducedFebruary 21, 2025
In Senate9 months ago
Intro
House
Senate
Pres
Reported to Senate
Why This Matters

This bill disallows certain tax credits for offshore wind energy facilities located in U.S. inland and coastal waters, starting in 2026.

If you work in the offshore wind industry, this bill could impact your project's financial support starting in 2026.
Who this affects
Wind energy companies
What changes is this bill making?
  1. 1This bill removes tax credits for offshore wind facilities in U.S. inland and coastal waters.
  2. 2It specifically targets the investment tax credit and production tax credit for these facilities.
  3. 3The changes apply to energy produced and property placed in service after December 31, 2025.
  4. 4Facilities located in these waters will no longer qualify as 'qualified facilities' under the tax code.
Bill Progress3 of 4
Bills must pass the House, Senate, and be signed by the President to become law.
Intro
House
Senate
Pres
IntroducedFeb 21, 2025
Sponsors
See all 4 sponsors
House
SenateCurrent

Reported to Senate

President

The President

Donald Trump
President
Awaiting Vote
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