The bill H.R. 310, titled the “Restoring Energy Market Freedom Act,” proposes to amend the Internal Revenue Code of 1986 by repealing a variety of existing tax credits. These repealed sections include numerous credits related to energy production and investment, such as...
Simple Explanation
The bill H.R. 310 wants to stop giving certain special rewards (or tax credits) to people and companies that make or use energy in specific ways. These changes would start after the year 2024, but the bill doesn't explain why these rewards are being taken away or how it will affect everyone.