# 119-hr-1462: To amend the Internal Revenue Code of 1986 to disallow the production tax credit and investment tax credit for offshore wind facilities placed in service in the inland navigable waters of the United States or the coastal waters of the United States.

119-hr-1462, To amend the Internal Revenue Code of 1986 to disallow the production tax credit and investment tax credit for offshore wind facilities placed in service in the inland navigable waters of the United States or the coastal waters of the United States., is a 119th Congress bill sponsored by Rep. Fallon, Pat [R-TX-4] (R-TX); status introduced; PRIA reads it as touching household money (as of 2025-12-20).

- Canonical: https://policyrisk.com/legislation/119-hr-1462
- As of: 2025-12-20
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-1462
- Congress: 119
- Title: To amend the Internal Revenue Code of 1986 to disallow the production tax credit and investment tax credit for offshore wind facilities placed in service in the inland navigable waters of the United States or the coastal waters of the United States.
- Status: introduced
- Introduced: 2025-02-21
- Sponsor: Rep. Fallon, Pat [R-TX-4] (R-TX)
- Cosponsors: 3
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2025-12-20

## Summary

**Rewrites which offshore wind projects qualify for federal tax credits based on location.** This bill would change tax-credit rules so that offshore wind sited in the inland navigable waters or coastal waters of the United States faces different credit treatment than other projects. - Offshore wind projects located in inland navigable or coastal U.S. waters would lose eligibility for the Investment Tax Credit (ITC) and would be excluded from the Clean Electricity Production Tax Credit (CEPTC). They would instead be covered under the Renewable Resources Production Tax Credit (PTC) framework where applicable. - The changes would apply to energy produced and to property placed in service after December 31, 2025. - The bill targets specific clauses of the Internal Revenue Code by amending section 48(a)(5), section 45(d)(1), and section 45Y(b)(1) to reflect the new location-based rules.

## Cosponsors (3)

- Rep. Gooden, Lance [R-TX-5] (R-TX), 2025-02-21T00:00:00.000Z
- Rep. Gill, Brandon [R-TX-26] (R-TX), 2025-02-24T00:00:00.000Z
- Rep. Hageman, Harriet M. [R-WY-At Large] (R-WY), 2025-03-06T00:00:00.000Z

## Provisions PRIA read

- Mixed tax changes for offshore wind in U.S. waters: mixed, high. If enacted, this would change federal tax credits for offshore wind projects in inland navigable or coastal U.S. waters. Those projects would lose the Investment Tax Credit and would be excluded from the Clean Electricity Production Tax Credit. But they could qualify for the older Renewable Resourc…

## Related bills

- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-21: Born-Alive Abortion Survivors Protection Act
- 119-hr-2189: To modernize Federal firearms laws to account for advancements in technology and less-than-lethal weapons, and for other purposes.
- 119-hr-404: Hearing Protection Act
- 119-hr-2187: To amend the Internal Revenue Code of 1986 to disallow the production tax credit and investment tax credit for offshore wind facilities placed in service in th…
- 119-hr-2126: FOCA Act of 2025

## Sources
- [119-hr-1462 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/1462)

## Related
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-21: Born-Alive Abortion Survivors Protection Act](https://policyrisk.com/legislation/119-hr-21)
- [119-hr-2189: To modernize Federal firearms laws to account for advancements in technology an…](https://policyrisk.com/legislation/119-hr-2189)
- [119-hr-404: Hearing Protection Act](https://policyrisk.com/legislation/119-hr-404)
- [119-hr-2187: To amend the Internal Revenue Code of 1986 to disallow the production tax credi…](https://policyrisk.com/legislation/119-hr-2187)
- [119-hr-2126: FOCA Act of 2025](https://policyrisk.com/legislation/119-hr-2126)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-1462 (as of 2025-12-20).