SJRES 107
A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Internal Revenue Service relating to "Beginning of Construction Requirements for Purposes of the Termination of Clean Electricity Production Credits and Clean Electricity Investment Credits for Applicable Wind and Solar Facilities"
Progress
Timeline
- Mar 25Motion to proceed to consideration of measure rejected in Senate by Yea-Nay Vote. 47 - 53. Record Vote Number: 70.
- Mar 19Placed on Senate Legislative Calendar under General Orders. Calendar No. 363.
Summary
**What it does:** This joint resolution would overturn a new Internal Revenue Service (IRS) rule about when wind and solar energy projects are considered to have "begun construction" for tax credit purposes. **Who it affects:** - Wind and solar energy developers and companies - Investors in renewable energy projects - Taxpayers who benefit from clean energy tax incentives **What would change:** The IRS rule being challenged likely defines stricter requirements for when construction officially begins, which determines eligibility for federal clean energy tax credits. If this resolution passes, those stricter requirements would be eliminated, potentially making it easier for wind and solar projects to qualify for tax credits before they expire. This uses Congress's authority under the Congressional Review Act to disapprove federal agency rules within a certain timeframe after they're issued.
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