S 1957
Offshore WIND Act
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill, the Offshore Wind Incentives for New Development Act, creates a tax credit for investments in offshore wind energy projects. It defines ‘qualified offshore wind property’ as any offshore facility that uses wind to generate electricity. The credit is available for projects that begin construction before January 1, 2026, and aims to encourage the development of offshore wind power in the United States.
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