A bill to amend the Internal Revenue Code of 1986 to provide for an investment tax credit related to the production of electricity from offshore wind.
Offshore Wind Incentives for New Development Act or the Offshore WIND Act
This bill amends the Internal Revenue Code to expand the tax credit for investment in energy property to include a qualified offshore wind property until January 1, 2026. Under the bill, a qualified offshore wind property is an offshore facility that uses wind to produce electricity, excluding certain small wind energy property which uses a small wind turbine to generate electricity.
Referred to the House Committee on Ways and Means.
Introduced in Senate
Read twice and referred to the Committee on Finance.
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