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H.R.1462 / 119th Congress

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.

Referred to the House Committee on Ways and Means.

Official summary

No official summary is available in the imported record yet.

Who introduced it

Rep. Fallon, Pat [R-TX-4] · R–TX

Committees

  • Ways and Means Committee
3 cosponsorship records, including any withdrawals

Actions

A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.

  1. Referred to the House Committee on Ways and Means.

  2. Introduced in House

  3. Introduced in House

Bill text & related measures

Text links open the official source. We also preserved the text version used in the PlainBill explanation below.

Related bills identified by Congress.gov

Source last updated: May 9, 2025. Consult Congress.gov for the current record.

Explore the bill from different angles

Choose a perspective, copy a prompt, and paste it into your preferred AI. Each prompt includes the bill version and available official source links, and asks for counterarguments as well as supporting evidence.

Neutral evidence review

Objective

Analyze H.R.1462 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Fairness and public impact

Progressive lens

Examine H.R.1462 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

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Institutions and government scope

Conservative lens

Examine H.R.1462 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

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Individual rights and government power

Liberty lens

Examine H.R.1462 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.

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Read the proposal in plain language

AI-generated · Source-checked by AI · Nov 1, 2026

Based on the full Introduced in House · 2025-02-21 text. This explanation has not received human editorial review. This overview describes the proposal’s major provisions; it does not establish what its real-world effects would be.

What it would do

This bill would exclude offshore wind facilities in U.S. inland navigable waters or coastal waters from the clean electricity production tax credit. It also proposes changes to investment and renewable-resource production tax credits. Its effective-date clause refers to “The amendment made by this section” in the singular and specifies energy produced and property placed in service after December 31, 2025.

Check the sources
The term qualified facility shall not include any disqualified offshore wind facility.
Official bill text · Introduced in House · 2025-02-21
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.
Official bill text · Introduced in House · 2025-02-21
(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.
Official bill text · Introduced in House · 2025-02-21
The amendment made by this section shall apply to energy produced and property placed in service after December 31, 2025.
Official bill text · Introduced in House · 2025-02-21

How it would work

For the investment tax credit, the bill would delete subparagraph (F) of Internal Revenue Code section 48(a)(5). The supplied text does not reproduce that subparagraph, so its precise effect cannot be established from this bundle.

Check the source
(a) Investment tax credit Section 48(a)(5) of the Internal Revenue Code of 1986 is amended by striking subparagraph (F).
Official bill text · Introduced in House · 2025-02-21

For the renewable-resource production tax credit, the bill would add language referring to any facility in U.S. inland navigable waters or coastal waters to section 45(d)(1). The existing provision is not reproduced, limiting what can be concluded about how this addition would change eligibility.

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(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.
Official bill text · Introduced in House · 2025-02-21

For the clean electricity production tax credit, the bill would expressly exclude offshore wind facilities located in U.S. inland navigable waters or coastal waters from the definition of a qualified facility. This exclusion is tied to those locations.

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(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.
Official bill text · Introduced in House · 2025-02-21

The effective-date clause states that “The amendment made by this section” applies to energy produced and property placed in service after December 31, 2025. Although the section contains multiple amendments, this clause uses the singular; the supplied text does not expressly clarify its application to each amendment.

Check the source
(d) Effective date The amendment made by this section shall apply to energy produced and property placed in service after December 31, 2025.
Official bill text · Introduced in House · 2025-02-21

What the record shows

The supplied action snapshot, updated May 9, 2025, records introduction in the House and referral to the House Committee on Ways and Means on February 21, 2025.

Check the source
Source snapshot updated 2025-05-09T14:20:57Z. 2025-02-21: Referred to the House Committee on Ways and Means. 2025-02-21: Introduced in House
Official legislative record · 2025-05-09T14:20:57Z

Riders & Targeted Benefits

Reviewed version: Introduced in House · 2025-02-21. These findings describe provisions and who may benefit; they are not judgments of waste, corruption, or motive.

This review covers the supplied bill text. “None identified” does not rule out provisions in later versions or accompanying reports and disclosures.

Riders

Provisions outside the bill’s main subject, or policy changes attached to appropriations.

None identified in the reviewed text

No unrelated provision or policy change attached to appropriations was identified in the complete supplied introduced text. This conclusion is limited to that version and does not establish absence in other versions or accompanying materials.

Earmarks

Spending directed to particular recipients or places outside ordinary competitive or formula-based allocation.

None identified in the reviewed text

No congressionally directed spending for particular recipients or places was identified in the complete supplied introduced text. This conclusion is limited to that version and does not establish absence in other versions or accompanying materials; formal earmark disclosures are not supplied.

Other targeted benefits

Narrow exceptions, exemptions, or preferential treatment that warrant a closer look.

None identified in the reviewed text

No materially narrow preferential benefit, special exemption, or carve-out was identified in the complete supplied introduced text. This conclusion is limited to that version and does not establish absence in other versions or accompanying materials.

What this analysis cannot establish

  • This analysis concerns the supplied introduced text, not established enacted law. The dated action snapshot does not establish whether the bill later advanced, changed, or became law.
  • The bundle does not reproduce the existing statutory language deleted from section 48(a)(5) or amended in section 45(d)(1). Their full legal effects cannot be determined from the supplied amendments alone.
  • The supplied text does not define inland navigable waters or coastal waters, so it does not establish precise geographic boundaries for affected facilities.
  • Committee reports, earmark disclosures, amendment history, and other accompanying materials are not supplied.

Full text preserved for this analysis. Legislative record snapshot: May 9, 2025. How PlainBill uses AI