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Provide for reconciliation pursuant to title II of H. Con. Res. 14Section 70514 › Proposal

The credit ends for wind parts after 2027 and for coal after 2029

To provide for reconciliation pursuant to title II of H. Con. Res. 14, section 70514, Sec. 70514. Written by .

The credit ends for wind parts after 2027 and for coal after 2029

The document says “shall notWho acts: Secretary of the TreasuryHow: statuteSec. 70514 in the PDF
What the document says

“This section shall not apply to any wind energy component produced and sold after December 31, 2027.”

To provide for reconciliation pursuant to title II of H. Con. Res. 14, Sec. 70514

The section adds new subparagraphs (D) and (E) to section 45X(b)(3) of the Internal Revenue Code of 1986 so that the section does not apply to a wind energy component produced and sold after December 31, 2027, or to metallurgical coal produced after December 31, 2029.

What the document actually says

“This section shall not apply to any wind energy component produced and sold after December 31, 2027.”

To provide for reconciliation pursuant to title II of H. Con. Res. 14, Sec. 70514
That sentence, in plain words

The credit does not reach a wind part made and sold after December 31, 2027.

What this is about

A second rule ends it for coal used in steel. That end date is December 31, 2029. Both are fixed in the law.

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