S. 5641
Expands tax credit eligibility for energy communities
Changes the federal tax code to broaden which places count as energy communities, so more projects there can qualify for higher tax credit rates for renewable electricity production and clean electricity investment.
- Widens the definition of what counts as an energy community
- Expands which projects can qualify for the higher credit rates
- Covers two credits: one for producing renewable electricity and one for investing in clean electricity
- Amends the federal tax code of 1986
In committee