A bill to amend the Internal Revenue Code of 1986 to extend the clean electricity production credit and the clean electricity investment credit based on increases in the price of, and demand for, electricity, and for other purposes

Progress

Timeline

• Mar 24Read twice and referred to the Committee on Finance.

Summary

**What it does:** This bill would extend two existing tax credits for clean electricity projects - one for producing clean electricity and another for investing in clean electricity infrastructure. The extensions would be tied to increases in electricity prices and demand. **Who it affects:** - Companies that generate clean electricity (solar, wind, etc.) - Investors in clean energy projects - Electricity consumers (potentially through pricing impacts) - The federal budget through tax credit costs **What would change:** Currently, these clean electricity tax credits have set expiration dates. This bill would make the credits last longer when electricity becomes more expensive or when demand increases significantly. This could encourage more clean energy development during times of high electricity costs or supply constraints. **Current status:** The bill is under review in a Senate committee and has not been voted on yet.

How This Affects You