Solar and wind excise tax dropped from Senate GOP megabill
Share and Follow


Senate Republicans on Tuesday abandoned their effort to impose new taxes on solar and wind energy.

Text released by the Senate Rules Committee no longer includes a new tax on solar and wind projects if some of their components come from China. 

The excise tax had been a last-minute addition to the bill and was made public over the weekend. Many in the industry had warned it could kill future projects.

The removal of the last minute provision comes as Republicans struggled to keep their coalition together and particularly sought to secure the vote of Sen. Lisa Murkowski (R-Alaska).

Murkowski, along with Iowa Republican Sens. Joni Ernst and Chuck Grassley, offered an amendment to remove the tax and loosen the phaseout of the tax credits.

The Rules Committee draft, unlike their amendment, does still impose a relatively sharp phaseout of the Senate and wind energy credits, saying that projects that are not already producing electricity by 2028 will not qualify.

An earlier Senate draft was more lenient, saying that companies that start constructing projects by 2028 should get at least partial credit.

Aris Folley contributed.

Share and Follow
You May Also Like
Brad Pitt makes cryptic comment about navigating life's 'struggles' after divorce

Brad Pitt talks ambiguously about dealing with life challenges post-divorce

Brad Pitt is no stranger to navigating life’s ups and downs. The…
Federal judge orders Mexican migrant seeking asylum to be released by ICE

Federal judge orders Mexican migrant seeking asylum to be released by ICE

NEWYou can now listen to Fox News articles! A federal judge in…
Idaho murders timeline: Bryan Kohberger plea caps yearslong quest for justice

Idaho murders timeline: Bryan Kohberger plea caps yearslong quest for justice

NEWYou can now listen to Fox News articles! BOISE, Idaho – The…
9 killed in Russian aerial attacks on Ukraine ahead of G7 summit aimed at slowing Moscow's offensive

Pentagon’s weapons pause to Ukraine could ‘encourage’ and ‘escalate’ Putin’s war ambitions: security experts

NEWYou can now listen to Fox News articles! The Pentagon’s decision to…
Kathy Griffin looks unrecognizable as she steps out in LA

Kathy Griffin’s appearance is significantly different as she makes a public appearance in Los Angeles

Kathy Griffin looked nearly unrecognizable as she stepped out in Los Angeles…
Bryan Kohberger expected to officially plead guilty: what’s next

Bryan Kohberger expected to officially plead guilty: what’s next

NEWYou can now listen to Fox News articles! Idaho murders suspect Bryan…
Marvel Cinematic Universe Disney+ series 'Ironheart' highlights importance of representation for girls of color in STEM fields

“Ironheart” Disney+ Series from Marvel Universe Showcases the Significance of Diversity for Girls of Color in STEM Careers

CHICAGO (WLS) — Marvel is putting Chicago on the map. The Griffin…
Family initiates lawsuit against city of Homewood over death of 18-year-old Jabari Peoples

Lawsuit filed by family against Homewood city for the death of 18-year-old Jabari Peoples

HOMEWOOD, Ala. (WIAT) — The family of an 18-year-old who died following…