| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | I | |
| 2 | 2 | 118THCONGRESS | |
| 3 | 3 | 1 | |
| 4 | 4 | STSESSION H. R. 426 | |
| 5 | 5 | To amend the Internal Revenue Code of 1986 to end the investment tax | |
| 6 | 6 | credit for offshore wind facilities in the inland navigable waters of the | |
| 7 | 7 | United States. | |
| 8 | 8 | IN THE HOUSE OF REPRESENTATIVES | |
| 9 | 9 | JANUARY20, 2023 | |
| 10 | 10 | Mr. L | |
| 11 | 11 | ANGWORTHYintroduced the following bill; which was referred to the | |
| 12 | 12 | Committee on Ways and Means | |
| 13 | 13 | A BILL | |
| 14 | 14 | To amend the Internal Revenue Code of 1986 to end the | |
| 15 | 15 | investment tax credit for offshore wind facilities in the | |
| 16 | 16 | inland navigable waters of the United States. | |
| 17 | 17 | Be it enacted by the Senate and House of Representa-1 | |
| 18 | 18 | tives of the United States of America in Congress assembled, 2 | |
| 19 | 19 | SECTION 1. SHORT TITLE. 3 | |
| 20 | 20 | This Act may be cited as the ‘‘Lakes Before Turbines 4 | |
| 21 | 21 | Act’’. 5 | |
| 22 | 22 | SEC. 2. ITC FOR CERTAIN OFFSHORE WIND FACILITIES 6 | |
| 23 | 23 | PROHIBITED AFTER 2022. 7 | |
| 24 | 24 | (a) I | |
| 25 | 25 | NGENERAL.—Section 48(a)(5)(F)(ii) of the In-8 | |
| 26 | 26 | ternal Revenue Code of 1986 is amended by inserting 9 | |
| 27 | 27 | VerDate Sep 11 2014 21:59 Jan 31, 2023 Jkt 039200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H426.IH H426 | |
| 28 | 28 | pbinns on DSKJLVW7X2PROD with $$_JOB 2 | |
| 29 | 29 | •HR 426 IH | |
| 30 | 30 | ‘‘(other than any of the Great Lakes)’’ after ‘‘in the inland 1 | |
| 31 | 31 | navigable waters of the United States’’. 2 | |
| 32 | 32 | (b) E | |
| 33 | 33 | FFECTIVEDATE.—The amendment made by 3 | |
| 34 | 34 | this section shall apply to taxable years beginning after 4 | |
| 35 | 35 | December 31, 2022. 5 | |
| 36 | 36 | Æ | |
| 37 | 37 | VerDate Sep 11 2014 21:59 Jan 31, 2023 Jkt 039200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H426.IH H426 | |
| 38 | 38 | pbinns on DSKJLVW7X2PROD with $$_JOB |