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
Drew Fortescue isn't in rush to make Rangers leap from Boston College

Drew Fortescue is taking his time transitioning from Boston College to the Rangers

Drew Fortescue took a step forward this season. As a sophomore at…
Missouri man helps reunite dog with Iowa family

Missouri resident assists in reuniting lost dog with family from Iowa

GLADSTONE, Mo. – A family pet is back home with its rightful…

Event Recap: Third Annual Corgi Beach Takeover Draws a Large Crowd in Oregon

PORTLAND, Ore. (KOIN) — Over a thousand dogs put their paws to…

Police find more than 100 extremely thin cats in U-Haul truck in California

SANTA NELLA, Calif. (KSEE) A California woman was arrested and faces 93…
Televangelist Jimmy Swaggart, whose multimillion-dollar ministry was toppled by prostitution scandals, has died at 90

Famous preacher Jimmy Swaggart, known for scandals, passes away at the age of 90

BATON ROUGE, La. — Televangelist Jimmy Swaggart, whose multimillion-dollar ministry and huge…
Microsoft to delete saved passwords of 75m users after cutting

Microsoft will remove stored passwords of 75 million users after a security breach

Microsoft is shutting down an essential feature in an app that is…
Colin Allred announces launch for US Senate seat

Colin Allred declares the start of his campaign for a position in the US Senate.

DALLAS (Nexstar) — Former U.S. Congressman Colin Allred officially launched his campaign…
‘What’s In The Box’? Not Gwyneth Paltrow’s Head, But Rather A Neil Patrick Harris Netflix Game Show 

Discover What’s Inside the Box: Neil Patrick Harris Hosts an Exciting Netflix Game Show, Not Featuring Gwyneth Paltrow’s Head

What’s in the box?! No, this is not a scene out of…