S. 1957 116th Congress Senate

Offshore WIND Act

Official title: A bill 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: June 25, 2019 Introduced by: Edward J. Markey Democratic · Massachusetts See on congress.gov

Taxation Alternative and renewable resourcesBusiness investment and capitalElectric power generation and transmissionGreat Lakes

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Income tax creditsMarine and coastal resources, fisheries

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jun 25, 2019

Read twice and referred to the Committee on Finance.

Jun 25, 2019

Introduced in Senate

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Latest action June 25, 2019

Read twice and referred to the Committee on Finance.

Plain-English summary Congressional Research Service

Offshore Wind Incentives for New Development Act or the Offshore WIND Act

This bill allows an energy tax credit for investment in qualified offshore wind property, the construction of which begins before January 1, 2026. The bill defines "qualified offshore wind property" as an offshore facility using wind to produce electricity.

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