This bill eliminates the energy-related tax credit for investment in certain offshore wind facilities after 2021.
To amend the Internal Revenue Code of 1986 to end the investment tax 
 credit for offshore wind facilities in the inland navigable waters of 
                           the United States.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. ITC FOR CERTAIN OFFSHORE WIND FACILITIES PROHIBITED AFTER 
              2021.

    (a) In General.--Section 48(a)(5)(F)(ii) of the Internal Revenue 
Code of 1986 is amended by inserting ``(other than any of the Great 
Lakes)'' after ``in the inland navigable waters of the United States''.
    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after December 31, 2021.
                                 <all>
To amend the Internal Revenue Code of 1986 to end the investment tax credit for offshore wind facilities in the inland navigable waters of the United States.
To amend the Internal Revenue Code of 1986 to end the investment tax credit for offshore wind facilities in the inland navigable waters of the United States.
Official Titles - House of Representatives
Official Title as Introduced
To amend the Internal Revenue Code of 1986 to end the investment tax credit for offshore wind facilities in the inland navigable waters of the United States.
Rep. Jacobs, Chris