Search Results for keywords:"energy credit exclusion"

Search Results: keywords:"energy credit exclusion"

H. R. 1080 — To amend the Internal Revenue Code of 1986 to exclude property and facilities located on prime farmland from certain credits relating to renewable energy production and investment.
February 06, 2025
Status:Introduced in House
Congress:119
Words:750
H.R. 1080 proposes changes to the Internal Revenue Code of 1986 by disallowing certain tax credits for renewable energy production and investment on prime farmland. This means that facilities and property located on such farmland would not qualify for various clean energy tax...
Simple Explanation
H.R. 1080 is like a rule that says if you build things like solar panels on super good farming land, you won't get special money rewards for making clean energy. This rule uses a special definition of good farming land from another place.
H. R. 1237 — To amend the Internal Revenue Code of 1986 to deny the energy credit to property located on prime or unique farmland, as defined by the Secretary of Agriculture in part 657 of title 7, Code of Federal Regulations, if such property is used for generating solar energy.
February 12, 2025
Status:Introduced in House
Congress:119
Words:717
H.R. 1237, titled the “Protect Agriculture, Nutrients, and Essential Lands from Solar Act” or the “PANELS Act,” aims to amend the Internal Revenue Code of 1986. The bill proposes that the energy credit will not apply to properties located on prime or unique farmland if those...
Simple Explanation
The PANELS Act is like a new rule that says if someone wants to set up solar panels on really special farmland, they're not going to get a prize called an "energy credit." This rule helps make sure that special land is kept for growing food instead of making energy.

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