A bill to amend the Internal Revenue Code of 1986 to extend the clean electricity production credit and the clean electricity investment credit based on increases in the price of, and demand for, electricity, and for other purposes.

This bill would change federal tax law to extend the clean electricity production and investment tax credits whenever national electricity prices or demand rise. A "price or demand increase year" would be any year in which the national average electricity price rises more than 2 percent, or total electricity sales increase, compared with the prior year, based on Energy Information Administration data. After such a year, the credits would stay at full value for at least 6 more years, with the phase-out starting no earlier than 2032. The bill would also renew the home energy efficiency improvement credit and the residential clean energy credit for 2 years after such a determination. It would also remove the rules that deny the production and investment credits for wind and solar leasing arrangements.

Full text and official record on Congress.gov

Sponsors

• Ron Wyden Democrat sponsor
• 0 cosponsors