A bill to amend the Internal Revenue Code of 1986 to extend the clean electricity production credit and the clean electricity investment credit based on increases in the price of, and demand for, electricity, and for other purposes.
This bill repeals the business tax credit for clean fuel production beginning in 2025. (Under current law, the business tax credit for clean fuel production is available for the production and sale of qualified transportation fuel between 2025 and 2027.)
Save America’s Valuable Energy Act or the SAVE ActThis bill directs the Department of Energy to prohibit the sale of petroleum products (e.g., crude oil) from the Strategic Petroleum Reserve to entities headquartered in Russia, Belarus, Burma, China, Cuba, Iran, North Korea, Syria, or Venezuela.
To amend the Internal Revenue Code of 1986 to expand the meaning and eligibility of energy communities for purposes of the increased renewable electricity production and increased clean electricity investment credit rates.