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IbogaProject

(4,678 posts)
Tue Jul 1, 2025, 12:33 PM Jul 1

Senate Leaders Scrap Renewable Energy Tax

Source: E&E News by Politico

Senate leaders have agreed to remove a new excise tax on wind and solar projects from their megabill in order to secure enough support for passage.

The new tax was based on a project’s compliance with strict sourcing requirements. It will likely be removed in a broad amendment ahead of the megabill’s final Senate approval Tuesday, three people familiar with the negotiations said.

The new language would also keep investment and production tax credits for wind and solar through June 2026 and base eligibility on when projects start construction. That’s more generous than what conservatives wanted.

But in a nod to conservative concerns about being too lenient on climate law credits, projects would need to be placed in service by the end of 2027.



Read more: https://www.eenews.net/articles/senate-leaders-scrap-new-tax-on-renewable-energy/



Three Card Monte to keep our eyes off other parts of this drastic bill.

Followup to, https://www.democraticunderground.com/10143488864
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Senate Leaders Scrap Renewable Energy Tax (Original Post) IbogaProject Jul 1 OP
Thanks also for the link to the other DU post for context. Mike 03 Jul 1 #1

Mike 03

(18,583 posts)
1. Thanks also for the link to the other DU post for context.
Tue Jul 1, 2025, 01:40 PM
Jul 1

I missed that other post. I have a feeling we'll be "discovering" new provisions and details within this massive bill for some time to come.

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