Scored 2/10 on whether it helps or hurts everyday people.
The Offshore Wind Bill
Offshore wind tax credits blocked in new house bill
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.
Bad for everyday people ·
The bill would stop offshore wind projects from getting federal tax credits, making them pay more and possibly raising electricity prices for everyday people.
Our take
What we think, in plain words.
If passed, wind developers will lose a big financial boost, which could slow new clean energy farms and push higher costs onto households, so voters should speak up now.
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The facts
What the bill actually says, no spin.
- The bill removes the production tax credit for offshore wind.
- It also removes the investment tax credit for offshore wind.
- It applies to projects in inland navigable waters and coastal waters of the United States.
In the news
Scanning the news for this bill…
Headlines gathered from across the news, starting points to explore, not endorsements. Always read the official text before acting.
Sources
Read it yourself: the official bill and records.
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