H.R. 2187 proposes changes to the Internal Revenue Code of 1986 to stop companies from receiving certain tax credits for offshore wind facilities located in U.S. inland navigable waters or coastal waters. Specifically, it disallows the production tax credit and the investment...
Simple Explanation
H.R. 2187 is a plan to stop giving certain money-saving benefits to companies that build wind farms in certain water areas in the U.S. after 2025. This means that if companies build their wind farms in these places, they won't get some tax credits to help with costs.