HR 1237 119th Congress House Taxation

PANELS Act

Introduced: February 12, 2025 Introduced by: Bost, Mike Republican · Illinois See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Feb 12, 2025

Referred to the House Committee on Ways and Means.

Feb 12, 2025

Introduced in House

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Plain-English summary Congressional Research Service

Protect Agriculture, Nutrients, and Essential Lands from Solar Act or the PANELS Act

This bill excludes expenses for solar property placed in service on prime or unique farmland from the energy investment tax credit. The bill also excludes solar facilities placed on prime or unique farmland from the clean electricity production tax credit.

Under current law, businesses may be able to claim an energy investment tax credit for qualified solar property placed into service before January 1, 2025. This bill excludes expenses for solar property placed into service on prime or unique farmland (e.g., land with the best combination of physical and chemical characteristics for the production of food and other related uses) from the energy investment tax credit.

Further, under current law, a business may also be able to claim the clean electricity production tax credit for the production of electricity using a qualified facility that has no greenhouse gas emissions. The amount of the tax credit is based on the amount of electricity produced and sold by a qualified facility placed into service in 2025 or after. This bill modifies the definition of qualified facility to exclude solar facilities placed on prime or unique farmland.

What's happening now February 12, 2025

Referred to the House Committee on Ways and Means.

Bill text 1 version

Introduced in House Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 1

Ways and Means Committee
House of Representatives

Lobbying activity 2

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

CORPORATE ENERGY BUYERS ASSOCIATION (FKA CLEAN ENERGY BUYERS ASSOCIATION)
for CORPORATE ENERGY BUYERS ASSOCIATION (FKA CLEAN ENERGY BUYERS ASSOCIATION) · District of Columbia · 2nd Quarter (Apr 1 - June 30) 2025
CORPORATE ENERGY BUYERS ASSOCIATION (FKA CLEAN ENERGY BUYERS ASSOCIATION)
for CORPORATE ENERGY BUYERS ASSOCIATION (FKA CLEAN ENERGY BUYERS ASSOCIATION) · District of Columbia · 1st Quarter (Jan 1 - Mar 31) 2025

Cosponsors 4