Incentivizing Offshore Wind Power Act
Official title: To amend the Internal Revenue Code of 1986 to provide for an investment tax credit related to the production of electricity from offshore wind.
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Referred to the House Committee on Ways and Means.
Incentivizing Offshore Wind Power Act - Amends the Internal Revenue Code to: (1) allow a 30% tax credit for investment in a qualifying offshore wind facility (an offshore facility using wind to produce electricity), and (2) direct the Secretary of the Treasury to establish a qualifying credit for offshore wind facilities program to consider and award certifications for investments eligible for such a credit to qualifying offshore wind facility sponsors.
Requires the Secretary to review credits allocated under this Act and authorizes the Secretary to reallocate such credits upon determining that: (1) there is an insufficient quantity of qualifying applications for certification pending at the time of the review, or (2) scheduled placed-in-service dates of previously certified facilities have been significantly delayed and the applicant will not meet the required timeline.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 3238: Incentivizing Offshore Wind Power Act. 112th Congress. Open America. https://openamerica.io/bill/112-HR-3238/
"H.R. 3238: Incentivizing Offshore Wind Power Act." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-HR-3238/.
H.R. 3238, 112th Cong. (2026), https://openamerica.io/bill/112-HR-3238/.
[H.R. 3238: Incentivizing Offshore Wind Power Act](https://openamerica.io/bill/112-HR-3238/)