[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7584 Introduced in House (IH)]

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117th CONGRESS
  2d Session
                                H. R. 7584

 To amend the Internal Revenue Code of 1986 to end the investment tax 
 credit for offshore wind facilities in the inland navigable waters of 
                           the United States.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 26, 2022

    Mr. Jacobs of New York introduced the following bill; which was 
              referred to the Committee on Ways and Means

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                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to end the investment tax 
 credit for offshore wind facilities in the inland navigable waters of 
                           the United States.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. ITC FOR CERTAIN OFFSHORE WIND FACILITIES PROHIBITED AFTER 
              2021.

    (a) In General.--Section 48(a)(5)(F)(ii) of the Internal Revenue 
Code of 1986 is amended by inserting ``(other than any of the Great 
Lakes)'' after ``in the inland navigable waters of the United States''.
    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after December 31, 2021.
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