Bills · HR 1462
IN COMMITTEE· 119TH CONGRESS
House BillHR 1462Taxation
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.
INTRO FEB 21· LAST ACTION FEB 21
READING
2MIN
COSPONSORS
3
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenVoters should care about this bill because it directly influences where and how renewable energy projects are developed in the U.S. If this bill passes, it could make it significantly more expensive to build offshore wind farms in certain near-shore and inland water locations, potentially slowing down the expansion of wind energy in those specific areas. This might mean fewer jobs related to building these projects in affected regions and a different pace for meeting renewable energy goals.
If the bill doesn't pass, the current tax incentives would remain in place for all offshore wind facilities, including those in inland navigable and coastal waters. This would likely encourage more development of wind energy projects in these areas by making them more financially attractive to investors and developers. The decision impacts the balance between environmental considerations in sensitive coastal zones and the push for more clean energy production.
KEY PROVISIONS
4AI-extractedPROVISION 01
Removes the Investment Tax Credit for offshore wind facilities located in inland navigable or coastal waters of the United States.
This makes certain offshore wind projects more expensive to build by taking away a significant upfront tax benefit.
PROVISION 02
Eliminates the Renewable Resources Production Tax Credit for electricity generated by offshore wind facilities in inland navigable or coastal waters.
This removes an ongoing tax incentive for each unit of clean electricity produced from these specific offshore wind farms.
PROVISION 03
Eliminates the Clean Electricity Production Tax Credit for offshore wind facilities in inland navigable or coastal waters.
This further restricts tax benefits for electricity production from offshore wind projects in the specified locations.
PROVISION 04
Specifies that the changes apply to energy produced and property placed in service after December 31, 2025.
This sets a clear date for when the new rules will begin impacting project planning and operations.
SPONSORSHIP
1 + 3
R· Texas
YRS IN OFFICE
5
BILLS LED
22
COSPONSOR BREAKDOWNBIPARTISAN · 0%
DEM 0 REP 3 IND 0
ACTION TIMELINE
2 EVENTSFEB 21
Introduced in House
FEB 21
Referred to the House Committee on Ways and Means.
BILL INFO
TypeHouse Bill
NumberHR 1462
Congress119th
StatusIn Committee
IntroducedFeb 21, 2025
Last actionFeb 21, 2025
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IN COMMITTEE· 119TH CONGRESS · WAYS AND MEANS COMMITTEE · INTRODUCED FEB 21, 2025
House BillHR 1462Taxation
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.
INTRODUCED FEB 21, 2025· LAST ACTION FEB 21, 2025
PASSAGE CHANCES
—%
READING
2 min
COSPONSORS
3
COMPLEXITY
Moderate
