# What This Bill Does

This bill removes a tax break that companies get when they build wind turbines in America's inland waterways. Right now, companies that invest in offshore wind facilities in rivers and lakes can claim an investment tax credit, which is basically a discount on their taxes. This bill would eliminate that tax credit for wind projects built in inland waters after 2021, though it makes an exception for the Great Lakes, which would keep the tax break.

# Who This Affects and Why It Matters

This primarily impacts wind energy companies considering building wind farms in inland waterways like the Mississippi River or other navigable rivers across the country. By removing the tax credit, the bill makes these projects less financially attractive because companies lose a significant incentive that helped offset their construction costs. Without this tax break, companies might decide these projects aren't profitable enough to pursue, which could slow down wind energy development in inland areas. The exception for the Great Lakes means companies can still get the tax credit if they build wind turbines there.

# The Practical Impact

For everyday people, this could mean fewer wind energy projects in inland waterways, which might slow the transition to renewable energy in certain regions. It could also affect electricity prices and energy availability in areas that might have benefited from these wind farms. The bill essentially signals that the government wants to discourage this particular type of wind development in inland waters while still allowing it in the Great Lakes, though the reasoning behind this distinction isn't explained in the bill itself.

To amend the Internal Revenue Code of 1986 to end the investment tax credit for offshore wind facilities in the inland navigable waters of the United States.

Jacobs, Chris

 <p>This bill eliminates the energy-related tax credit for investment in certain offshore wind facilities after 2021.</p>