Solar and wind excise tax dropped from Senate GOP megabill
Share this @internewscast.com


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 this @internewscast.com
You May Also Like

When will the main elements of Trump’s “big, beautiful bill” be implemented?

(The Hill) — During a Fourth of July festivity on Friday, President…

Iroquois County EMA Introduces New Notification System

WATSEKA, Ill. (WCIA) — The Iroquois County EMA has teamed up with…

Rethinking Shakespeare: A Fresh Perspective on the Bard

SAVANNAH, Ga. () — The Assembly of Phantasms (TAOP) is a performance…

DeSantis cautions Musk about third-party involvement

Florida Gov. Ron DeSantis (R) warned Monday that Elon Musk’s formation of…

The Supreme Court Grants Trump Permission to Proceed with Large-Scale Dismissals in Federal Agencies

The Supreme Court on Tuesday permitted President Donald Trump, at least temporarily,…

Chanel Celebrates 110 Years by Reimagining Its Couture Salon in a Palace Ahead of the Blazy Era

PARIS – Only Chanel would call its legendary Rue Cambon salon “too…

Video: Firework Tent Engulfed in Flames and Explosions

GRAND RAPIDS, Mich. (WOOD) Firefighters and troopers caught an unexpected firework display…

California Denies Trump’s Request to Prohibit Transgender Athletes

California education officials have formally rejected the Trump administration’s demand to bar…

New Mexico Faces Flash Floods While Texas Works on Recovery Efforts

() As recovery efforts continue after deadly floods in central Texas last…

Georgia Republican Burt Jones Commences 2026 Gubernatorial Campaign with $10 Million Personal Loan

ATLANTA (AP) — Georgia Republican Burt Jones has officially announced his candidacy…

Family of KC Chiefs Owner Grieves Over Death of 9-Year-Old Relative in Texas Floods

KANSAS CITY, Mo. (WDAF) – The family of Clark Hunt, the chairman…

Texas Floods Highlight Concerns Over Trump’s Budget Cuts to Weather and Disaster Programs

The deadly Texas floods are drawing renewed scrutiny to Trump administration cuts…