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[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2838 Introduced in House (IH)]
<DOC>
119th CONGRESS
1st Session
H. R. 2838
To amend the Internal Revenue Code of 1986 to phase-out the clean
electricity production and investment credits with respect to wind and
solar energy.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
April 10, 2025
Ms. Fedorchak (for herself, Mr. Goldman of Texas, Mr. Palmer, and Mr.
Weber of Texas) introduced the following bill; which was referred to
the Committee on Ways and Means
_______________________________________________________________________
A BILL
To amend the Internal Revenue Code of 1986 to phase-out the clean
electricity production and investment credits with respect to wind and
solar energy.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Ending Intermittent Energy Subsidies
Act of 2025''.
SEC. 2. TERMINATION OF TRANSFERABILITY OF PORTION OF CLEAN ELECTRICITY
CREDITS ATTRIBUTABLE TO WIND OR SOLAR ENERGY.
(a) Clean Electricity Production Credit.--Section
6418(f)(1)(A)(vii) of the Internal Revenue Code of 1986 is amended to
read as follows:
``(vii) so much of the clean electricity
production credit determined under section 45Y
as is not attributable to electricity produced
using solar or wind energy.''.
(b) Clean Electricity Investment Credit.--Section 6418(f)(1)(A)(xi)
of such Code is amended to read as follows:
``(xi) so much of the clean electricity
investment credit determined under section 48E
as is not allowed with respect to a qualified
facility (as defined in such section) which is
used for the generation of electricity using
wind or solar energy.''.
(c) Effective Date.--The amendment made by this section shall apply
to taxable years beginning after the date of the enactment of this Act.
SEC. 3. PHASE-OUT OF CLEAN ELECTRICITY PRODUCTION CREDIT WITH RESPECT
TO SOLAR AND WIND POWER.
(a) In General.--Section 45Y(d) of the Internal Revenue Code of
1986 is amended by adding at the end the following new paragraph:
``(4) Special rule for solar and wind energy.--In the case
of electricity produced from solar or wind energy, the amount
of the credit determined under subsection (a) (determined
without regard to this paragraph) shall be equal to the product
of the amount otherwise so determined, multiplied by--
``(A) in the case of electricity produced during
the first calendar year beginning after the date of the
enactment of the Ending Intermittent Energy Subsidies
Act of 2025, 80 percent,
``(B) in the case of electricity produced during
the second calendar year beginning after the date of
the enactment of the Ending Intermittent Energy
Subsidies Act of 2025, 60 percent,
``(C) in the case of electricity produced during
the third calendar year beginning after the date of the
enactment of the Ending Intermittent Energy Subsidies
Act of 2025, 40 percent,
``(D) in the case of electricity produced during
the fourth calendar year beginning after the date of
the enactment of the Ending Intermittent Energy
Subsidies Act of 2025, 20 percent, or
``(E) in the case of electricity produced after
such fourth calendar year, zero percent,''.
(b) Effective Date.--The amendments made by this section shall
apply to electricity produced after the date of the enactment of this
Act.
SEC. 4. PHASE-OUT OF CLEAN ELECTRICITY INVESTMENT CREDIT.
(a) In General.--Section 48E(e) of the Internal Revenue Code of
1986 is amended by adding at the end the following new paragraph:
``(4) Special rule for solar and wind energy.--The amount
of the clean electricity investment credit under subsection (a)
with respect to any qualified investment in a qualified
facility which generates electricity using wind or solar energy
shall be equal to the product of--
``(A) the amount of the credit determined under
subsection (a) without regard to this subsection,
multiplied by
``(B) in the case of a facility placed in service--
``(i) during the first calendar year
beginning after the date of the enactment of
the Ending Intermittent Energy Subsidies Act of
2025, 80 percent,
``(ii) during the second calendar year
beginning after the date of the enactment of
the Ending Intermittent Energy Subsidies Act of
2025, 60 percent,
``(iii) during the third calendar year
beginning after the date of the enactment of
the Ending Intermittent Energy Subsidies Act of
2025, 40 percent,
``(iv) during the fourth calendar year
beginning after the date of the enactment of
the Ending Intermittent Energy Subsidies Act of
2025, 20 percent, or
``(v) after such fourth calendar year, zero
percent,''.
(b) Effective Date.--The amendments made by this section shall
apply to property placed in service after the date of the enactment of
this Act.
<all>
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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