The Senate voted Tuesday to pass an amended version of the Republican budget megabill that significantly curtails clean energy tax credits.
It does not contain a proposed excise tax on wind and solar projects that caught many by surprise when it was added late Friday.
The final version carves out an exception to the bill’s new phaseout deadline for wind and solar project tax credits. Previously, the legislation stipulated that wind and solar projects had to be placed in service by the end of 2027 to qualify for the clean energy production credit. This was amended to exempt projects that begin construction within a year after the signing of the legislation.
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