On November 2, House Republican leaders introduced their long-awaited tax proposal, H.R. 1, revealing for the first time the details of their effort to overhaul the tax code.
Rather than rewarding the wind and solar sectors for their leadership in becoming the nation’s first industries to agree to the phasedown of their own tax incentives, H.R. 1 breaks faith with the 2015 tax accord. The bill would affect fundamental changes that substantially reduce the value of the wind production tax credit, phase out the permanent solar credit, and impose new requirements that retroactively change the rules governing how projects qualify for the tax credits. But that is just the start.
In this new document, ACORE provides a summary analysis of the bill outlining the energy provisions’ key areas of concern