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US SB2681
Bill
AI Summary
- Extends the residential clean energy credit (Section 25D) expiration date from December 31, 2025 to December 31, 2034
- Modifies the clean electricity production credit (Section 45Y) by removing the phase-out provisions and setting the "applicable year" as the later of 2032 or when U.S. electricity sector greenhouse gas emissions fall to 25% of 2022 levels
- Amends the clean electricity investment credit (Section 48E) by removing phase-out provisions and sunset dates that were added by Public Law 119-21
- All amendments take effect retroactively as if included in the original enactment of the referenced sections of Public Law 119-21
Legislative Description
Lowering Electric Bills Act
Taxation
Last Action
Read twice and referred to the Committee on Finance. (text: CR S5515)
8/2/2025
Committee Referrals
Finance8/2/2025
Full Bill Text
No bill text available