This part strikes one item from a list of energy property. That list sets how fast the cost may be written off. The change reaches work that starts after December 31, 2024.
The section strikes subclause (I) of section 168(e)(3)(B)(vi) of the Internal Revenue Code of 1986, as amended by section 13703 of Public Law 117-169, and renumbers subclauses (II) and (III) as (I) and (II).
What the document actually says
“by striking subclause (I), and”
That sentence, in plain words
One item is taken out of a list. Nothing is put in its place.
What this is about
Two later items move up to fill the gap. The list sets how fast a cost may be written off. What the struck item covered is not recorded here.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
The document says “shall apply”Who acts: Secretary of the TreasuryHow: statuteSec. 70509 in the PDF
What the document says
“The amendments made by subsection (a) shall apply to property the construction of which begins after December 31, 2024.”
The section applies its amendments to property whose construction begins after December 31, 2024.
What the document actually says
“The amendments made by subsection (a) shall apply to property the construction of which begins after December 31, 2024.”
That sentence, in plain words
The change reaches property where work starts after December 31, 2024. Older work is left out.
What this is about
The old rules still hold for it. The test turns on when work starts. The date is fixed in the law.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
Provide for reconciliation pursuant to title II of H. Con. Res. 14, Public Law 119-21, sec. 70509, 139 Stat. 251 (2025). https://www.govinfo.gov/content/pkg/PLAW-119publ21/html/PLAW-119publ21.htm
This page
“Termination of Cost Recovery for Energy Property,” Provide for reconciliation pursuant to title II of H. Con. Res. 14, section 70509. Read the Mandate, https://readthemandate.org/pl-119-21/section-70509/ (retrieved October 10, 2026).
Cite the document when the claim is about what the document says. Cite this page when the indexing, the wording or the record of what has happened is what is being relied on.
What This Page Covers, and What It Leaves Out
Both things the section does: strike the item and renumber what is left, and fix the effective date.
Nothing in the section is left out. It has two subsections and each is recorded.
The section works by amending section 168(e)(3)(B)(vi) of the Internal Revenue Code of 1986 as amended by Public Law 117-169, neither of which is indexed here.
