I
118THCONGRESS
1
STSESSION H. R. 426
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.
IN THE HOUSE OF REPRESENTATIVES
JANUARY20, 2023
Mr. L
ANGWORTHYintroduced the following bill; which was referred to the
Committee on Ways and Means
A BILL
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.
Be it enacted by the Senate and House of Representa-1
tives of the United States of America in Congress assembled, 2
SECTION 1. SHORT TITLE. 3
This Act may be cited as the ‘‘Lakes Before Turbines 4
Act’’. 5
SEC. 2. ITC FOR CERTAIN OFFSHORE WIND FACILITIES 6
PROHIBITED AFTER 2022. 7
(a) I
NGENERAL.—Section 48(a)(5)(F)(ii) of the In-8
ternal Revenue Code of 1986 is amended by inserting 9
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•HR 426 IH
‘‘(other than any of the Great Lakes)’’ after ‘‘in the inland 1
navigable waters of the United States’’. 2
(b) E
FFECTIVEDATE.—The amendment made by 3
this section shall apply to taxable years beginning after 4
December 31, 2022. 5
Æ
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