118th Congress · HOUSE BILLBILL

H.R. 426 — Lakes Before Turbines Act

“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.”

Taxation

Introduced Jan 20, 2023

Last action Jan 20, 2023

Pipeline · Bill → Law

Step 1

Introduced

Jan 20, 2023

Step 2

Referred

Jan 20, 2023

Ways & Means

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill eliminates the energy-related tax credit for investment in certain offshore wind facilities after 2022.

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

Jan 20, 2023

Introduced in House

Jan 20, 2023

Referred to the House Committee on Ways and Means.