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".
Wind and Solar Energy: Tax Credit Rules
Legislative Progress
Key Points
- Congress is considering a plan to stop a new rule from the Internal Revenue Service (IRS) about clean energy tax credits.
- The IRS rule explains exactly when wind and solar projects must start construction to qualify for federal tax breaks before those programs end.
- By blocking this rule, lawmakers want to prevent the IRS from enforcing these specific requirements on renewable energy companies.
- This action could affect how much money wind and solar developers save on their taxes and how quickly new clean energy projects are built across the country.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
Motion to proceed to consideration of measure rejected in Senate by Yea-Nay Vote. 47 - 53. Record Vote Number: 70.
The Senate is voting on whether to even start debating this bill. This vote can be used to block bills before discussion begins.
Motion to proceed to consideration of measure made in Senate.
The Senate is voting on whether to even start debating this bill. This vote can be used to block bills before discussion begins.
Motion to proceed to consideration of measure made in Senate. (CR S1599)
The Senate is voting on whether to even start debating this bill. This vote can be used to block bills before discussion begins.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 363.
The bill is now on the schedule for the full chamber to consider. It's in line for debate and a vote.
Senate Committee on Finance discharged, by petition, pursuant to 5 U.S.C. 802(c).
Vote Results
1 voteOn the Motion to Proceed
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
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".
Data Sources
Sponsor
Cosponsors
(4)Analysis generated by AI. Always verify with official sources.