H.R. 1462

Summary

H.R. 1462, to amend the Internal Revenue Code of 1986 to disallow the production tax credit and investment tax credit for offshore wind facilities placed in service in the inland navigable waters of the United States or the coastal waters of the United States, was introduced in the House on Feb 21, 2025 by Rep. Patrick Fallon (R) with 3 co-sponsors. It was referred to Ways And Means, and last saw action on Feb 21, 2025: Referred to the House Committee on Ways and Means.

Record

Text

H.R. 1462 has 3 co-sponsors.

119 HR 1462 IH: To amend the Internal Revenue Code of 1986 to disallow the production tax credit and investment tax credit for offshore wind facilities placed in service in the inland navigable waters of the United States or the coastal waters of the United States.
 U.S. House of Representatives
 2025-02-21
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 I  119th CONGRESS  1st Session  H. R. 1462  IN THE HOUSE OF REPRESENTATIVES   February 21, 2025   Mr. Fallon  (for himself and  Mr. Gooden ) introduced the following bill; which was referred to the  Committee on Ways and Means    A BILL
To amend the Internal Revenue Code of 1986 to disallow the production tax credit and investment tax credit for offshore wind facilities placed in service in the inland navigable waters of the United States or the coastal waters of the United States.
1.
Disallowance of investment tax credit and clean electricity production credit for certain offshore wind facilities
(a)
Investment tax credit
 Section 48(a)(5)  of the Internal Revenue Code of 1986 is amended by striking subparagraph (F).
(b)
Renewable resources production tax credit
Section 45(d)(1) of such Code is amended by striking the period at the end and inserting  , or any facility which is located in the inland navigable waters of the United States or in the coastal waters of the United States .
(c)
Clean electricity production tax credit
Section 45Y(b)(1) of such Code is amended by adding at the end the following new subparagraph:
(E)
Certain offshore wind facilities not treated as qualified facilities
(i)
In general
The term  qualified facility  shall not include any disqualified offshore wind facility.
(ii)
Disqualified offshore wind facility
For purposes of this subparagraph, the term  disqualified offshore wind facility  means an offshore wind facility which is located in the inland navigable waters of the United States or in the coastal waters of the United States.
 .
(d)
Effective date
The amendment made by this section shall apply to energy produced and property placed in service after December 31, 2025.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

To amend the Internal Revenue Code of 1986 to disallow the production tax credit and investment tax credit for offshore wind facilities placed in service in the inland navigable waters of the United States or the coastal waters of the United States.

Sponsors

Rep. Patrick Fallon (R) sponsors H.R. 1462, and 3 members have co-sponsored it, 1 of them from the day it was introduced.

Patrick Fallon

Rep. · R–TX-4 · Sponsor

Introduced Feb 21, 2025

Lance Gooden

Rep. · R–TX-5 · Co-sponsor

Joined Feb 21, 2025 · Original

Brandon Gill

Rep. · R–TX-26 · Co-sponsor

Joined Feb 24, 2025

Harriet Hageman

Rep. · R–WY-0 · Co-sponsor

Joined Mar 6, 2025

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Committees

H.R. 1462 went before 1 committee: Ways and Means.

Ways and Means

Ways and Means

Referred To · Feb 21, 2025 · 1,160 Bills

Actions

H.R. 1462 has taken 2 actions since Feb 21, 2025.

Votes

H.R. 1462 has not gone to a roll call.

Related bills

1 bill is related to H.R. 1462.

HR 2187To amend the Internal Revenue Code of 1986 to disallow the production tax credit and investment tax credit for offshore wind facilities placed in service in the inland navigable waters of the United States or the coastal waters of the United States.Mar 18, 2025 · Referred to the House Committee on Ways and Means. · Related bill

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Titles

H.R. 1462 goes by 2 titles.

• To amend the Internal Revenue Code of 1986 to disallow the production tax credit and investment tax credit for offshore wind facilities placed in service in the inland navigable waters of the United States or the coastal waters of the United States. — Official Title as Introduced
• To amend the Internal Revenue Code of 1986 to disallow the production tax credit and investment tax credit for offshore wind facilities placed in service in the inland navigable waters of the United States or the coastal waters of the United States. — Display Title

Lobbying

6 clients hired 5 firms and 19 registered lobbyists who named H.R. 1462 in 23 quarterly filings, 2025 to 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Energy/Nuclear, Budget/Appropriations, Taxation/Internal Revenue Code, Trade (domestic/foreign), Agriculture, Animals, Environment/Superfund, Food Industry (safety, labeling, etc.).

Clients

Who paid to be heard, by how many filings named the bill.

Firms

Registrants who filed on the bill, by filings.

Lobbyists

Named on the filings that cite the bill.

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

Classification

The Congressional Research Service files H.R. 1462 under Taxation, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 1462’s is Taxation.

Source: congress.gov · legiscan.com