What does Preamble of Certainty for Our Energy Future Act do?

This bill aims to amend the Internal Revenue Code of 1986 It seeks to terminate certain clean electricity production and investment credits The bill has been referred to the Committee on Ways and Means

What does SHORT TITLE. of Certainty for Our Energy Future Act do?

This bill is formally titled the Certainty for Our Energy Future Act.

What does TERMINATION OF CLEAN ELECTRICITY PRODUCTION CREDIT WITH RESPECT of Certainty for Our Energy Future Act do?

This section amends Section 45Y(d) of the Internal Revenue Code of 1986. It establishes a rule that, after December 31, 2030, a 'qualified facility' will not include facilities used for generating electricity using wind or solar energy. The determination of when construction begins for this purpose will follow principles outlined in Notice 2013-29 and subsequent guidance as in effect on January 1, 2025, including the Physical Work Test, Five Percent Safe Harbor, Continuity Requirement, and Continuity Safe Harbor. The amendment will take effect on January 1, 2026.

What does TERMINATION OF CLEAN ELECTRICITY INVESTMENT CREDIT WITH RESPECT of Certainty for Our Energy Future Act do?

This section amends Section 48E(e) of the Internal Revenue Code of 1986 The term 'qualified facility' excludes wind and solar energy facilities constructed after December 31, 2030 Principles from Notice 2013-29 apply for determining when construction begins

What does DENIAL OF CLEAN ENERGY TAX BENEFITS TO COMPANIES CONNECTED TO of Certainty for Our Energy Future Act do?

This section amends the Internal Revenue Code of 1986 by adding Section 7531. Section 7531 denies clean energy tax benefits to 'disqualified companies'. A 'disqualified company' is either created or organized under the laws of, or controlled by, a government of a 'country of concern', or controlled by entities meeting that description. The term 'country of concern' includes the People's Republic of China, the Russian Federation, the Islamic Republic of Iran, and the Democratic People's Republic of Korea. The definition of 'control' is based on section 954(d)(3) of the Internal Revenue Code, with modifications from section 958(a)(2). The term 'government of a foreign country' includes national governments, agencies, dominant political parties, and senior individuals with substantial authority over policy. The Secretary of the Treasury must issue guidance regarding implementation within 180 days of the Act's enactment. The amendments apply to taxable years beginning 180 days after the Secretary publishes the guidance.

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Certainty for Our Energy Future Act

Last updated: 5/8/2025 · Introduced: 5/8/2025

Author: Jennifer Kiggans (R-VA)

TL;DR (AI)

The bill terminates clean electricity production credits for facilities generating electricity using wind or solar energy after December 31, 2030.
It also terminates clean electricity investment credits for wind and solar energy facilities constructed after December 31, 2030.
The bill denies clean energy tax benefits to companies controlled by governments of certain countries, including China, Russia, Iran, and North Korea.

119th Congressin committeeOfficial page

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Other Sections

Includes provisions on preamble, short title., and 3 more.

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