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HR 4088 114th Congress House

Promoting 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.

Introduced: February 26, 2016 See on congress.gov
Taxation Alternative and renewable resourcesBusiness investment and capitalGreat LakesIncome tax creditsMarine and coastal resources, fisheries
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 19, 2015
Referred to the House Committee on Ways and Means.
Nov 19, 2015
Introduced in House
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 Latest action November 19, 2015

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Promoting Offshore Wind Power Act

This bill 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 Department 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.

The bill requires Treasury to review credits allocated under this Act periodically and authorizes Treasury to make additional allocations and reallocations of such credits upon determining that: (1) the limit on the total amount of megawatt capacity for offshore facilities with respect to which credits may be allocated under the program has not been attained, or (2) scheduled placed-in-service dates of previously certified facilities have been significantly delayed and the applicant for certification will not meet the required timeline.

 Related & companion bills 1
  • S 1736 Related bill Incentivizing Offshore Wind Power Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 2
D
Beyer, Donald S.
Virginia · Sep 14, 2016
 D
Keating, William R.
Massachusetts · Feb 26, 2016
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4088: Promoting Offshore Wind Power Act. 114th Congress. Open America. https://openamerica.io/bill/114-HR-4088/
MLA
"H.R. 4088: Promoting Offshore Wind Power Act." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-4088/.
Bluebook (legal)
H.R. 4088, 114th Cong. (2026), https://openamerica.io/bill/114-HR-4088/.
Markdown link
[H.R. 4088: Promoting Offshore Wind Power Act](https://openamerica.io/bill/114-HR-4088/)
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