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.
Summary
SB4175 would amend the Internal Revenue Code to extend and revive several federal clean energy tax incentives when electricity prices or demand rise above specified thresholds. The bill changes the clean electricity production credit and clean electricity investment credit so that, if the Energy Information Administration reports a qualifying “price or demand increase year,” the credits can continue or restart for a six-year period beginning after that year, rather than ending on the current schedule. It also provides a two-year renewed application of the energy efficient home improvement credit and the residential clean energy credit following such a determination.
In addition, the bill removes existing restrictions that deny the clean electricity production and investment credits for certain wind and solar leasing arrangements. The amendments would apply to taxable years beginning after enactment, meaning the changes would affect future tax filings and project financing structures for utilities, developers, homeowners, and lessors involved in clean energy and home efficiency investments.
Impact
The bill would modify multiple sections of the Internal Revenue Code, primarily sections 45Y, 48E, 25C, and 25D. It would alter the phase-out and extension rules for federal clean electricity tax credits, create a mechanism for the Treasury Secretary to determine when electricity price or demand increases trigger renewed credit eligibility, and eliminate statutory denials tied to wind and solar leasing arrangements. The practical effect would be to broaden and potentially prolong eligibility for clean energy-related tax benefits, affecting renewable energy developers, equipment lessors, homeowners making efficiency upgrades, and the federal revenue baseline.
Sentiment
No committee transcript or recorded vote information is provided, so there is no direct evidence of debate or bipartisan support in the materials supplied. Based on the bill text alone, the measure appears strongly supportive of clean energy deployment and consumer energy-efficiency incentives, suggesting a favorable orientation toward renewable energy policy. The absence of recorded opposition or amendments in the provided context limits any stronger conclusion about legislative sentiment.
Contention
The main policy questions raised by the bill are likely to center on the use of electricity price or demand increases as the trigger for extending tax credits, the administrative role of the Secretary in making those determinations, and the fiscal cost of prolonging or reactivating credits. Another likely point of contention is the elimination of restrictions on wind and solar leasing arrangements, which could be viewed by critics as expanding subsidies or by supporters as removing an unnecessary barrier to project financing. Because no committee discussion or votes are included, the specific positions of lawmakers or stakeholders are not identified in the record provided.
To amend the Internal Revenue Code of 1986 to expand the meaning and eligibility of energy communities for purposes of the increased renewable electricity production and increased clean electricity investment credit rates.
A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Internal Revenue Service relating to "Section 45Y Clean Electricity Production Credit and Section 48E Clean Electricity Investment Credit".
A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Internal Revenue Service relating to "Beginning of Construction Requirements for Purposes of the Termination of Clean Electricity Production Credits and Clean Electricity Investment Credits for Applicable Wind and Solar Facilities".
To amend the Internal Revenue Code of 1986 to establish a refundable tax credit for individuals for amounts paid for gas and electricity for primary residences.
"New Jersey Clean Energy Act of 2024"; establishes 100 percent clean electricity standard and directs BPU to establish clean electricity certificate program.
A bill for an act relating to controlled substances, including certain controlled substances schedules and precursor substances reporting requirements, making penalties applicable, and including effective date provisions. (Formerly HSB 25.) Effective date: 03/28/2025.
A bill for an act relating to controlled substances, including certain controlled substances schedules and precursor substances reporting requirements, making penalties applicable, and including effective date provisions.(See SF 305.)
A bill for an act relating to controlled substances, including certain controlled substances schedules and precursor substances reporting requirements, making penalties applicable, and including effective date provisions.(See HF 182.)