119th Congress Taxation
H.R. 310: Restoring Energy Market Freedom Act
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill repeals multiple business tax credits related to the production and sale of energy.
Specifically, the bill repeals the
- renewable electricity production tax credit (for electricity using wind, solar, or other specific types of renewable energy produced by a qualified facility for which construction began before 2025);
- clean electricity production tax credit (for electricity produced using a qualified facility that has no greenhouse gas emissions and was placed into service in 2025 or after);
- advanced nuclear production tax credit (for electricity produced and sold by a qualified nuclear power facility placed into service before 2021);
- zero-emission nuclear power production tax credit (for electricity produced and sold by a qualified nuclear power facility between 2024 and 2032);
- carbon sequestration tax credit (for the capture and sequestration of carbon oxide);
- clean hydrogen production tax credit (for clean hydrogen produced at a qualified clean production facility);
- advanced manufacturing production tax credit (for the production and sale of qualified components, including solar and wind energy components);
- energy investment tax credit (for investments in certain qualified energy property placed into service before 2025);
- clean electricity investment credit (for investments in qualified energy property placed into service in 2025 or after);
- qualifying advance coal project tax credit (for investments in qualifying advanced coal projects),
- clean coal investment tax credit (for investments in qualifying gasification projects);
- advanced energy project tax credit (for investments in qualifying advanced energy projects); and
- advanced manufacturing investment tax credit (for investments in semiconductor or semiconductor manufacturing equipment).
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Andy Biggs R-AZOriginal
- Andrew Ogles R-TNOriginal
- Chip Roy R-TXOriginal
Who scored on this bill
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Other bills by Scott Perry
History
- Introduced in the House by Scott Perry.
Show the full action history (2 actions)
- Introduced in House
- Referred to the House Committee on Ways and Means.