Restoring Energy Market Freedom Act

Summary

Restoring Energy Market Freedom Act This bill repeals specified business tax credits related to electricity produced from certain renewable resources and alternative energy and investment credits related to energy projects. Specifically, the bill repeals tax credits (i.e., money that can be offset against a tax liability) for businesses for (1) electricity produced from certain renewable resources (e.g., solar energy); (2) production of electricity from advanced nuclear power facilities; (3) carbon dioxide sequestration; (4) zero-emission nuclear power production; (5) production of clean hydrogen; (6) production and sale of specified components, such as solar energy components; and (7) production of clean electricity. The bill also repeals tax credits for investments related to certain energy projects, including credits for (1) geothermal energy property placed in service, (2) qualifying coal projects, (3) qualifying advanced energy projects, (4) advanced manufacturing investments, and (5) clean electricity investments.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 10 March 2023

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• Introduced in House (PDF)

  Introduced in House · EN · 10 March 2023

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• Introduced in House

  summary · EN · 10 March 2023

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