Senate-Passed Megabill Modifies Energy Tax Provisions

Senate-Passed Megabill Modifies Energy Tax Provisions

The inside of a solar power inverter in Dry Lake Valley, Nev., on June 28, 2021. Ethan Miller/Getty Images

Senate Republicans on July 1 revised some energy tax provisions in a sweeping domestic policy bill as part of a compromise reached with Senate holdouts to secure their votes for the package.

Republicans removed a proposed excise tax on solar and wind development and added a year for renewable energy projects to begin construction to qualify for tax credits. Instead of ending on Dec. 31, 2026, that program ends on Dec. 31, 2027.

Original News Source Link – Epoch Times

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