Road to The Floor
How it worksIntroduced
In Committee
On The Floor
Passed a Chamber
Passed Congress
To President
Became Law
What this bill does
AI plain-language summaryThis bill would get rid of a large number of tax credits that businesses can currently receive for producing or investing in various types of energy and manufacturing. These tax credits cover a wide range of activities, including producing electricity from wind, solar, and nuclear power, capturing carbon emissions, making clean hydrogen, manufacturing energy-related parts like solar and wind components, and investing in coal, advanced energy, and semiconductor projects. In short, the bill would remove tax breaks that the government currently offers to encourage these energy and manufacturing activities.
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