US House Ways and Means Committee Proposes Substantial Green Energy Support

On the night of September 10, 2021, the House Ways and Means Committee (the “Committee”) released legislative text covering a range of green energy tax incentives (the “Bill”) that it hopes will be enacted through the budget reconciliation process. The Committee has been releasing portions of legislative text that will be taken up in budget reconciliation piecemeal, and the Committee expects to begin markup of the Bill on Tuesday, September 14. The chairman of the Committee, Richard Neal, stated that the proposals in the Bill would “allow us to both address our perilously changing climate and create new, good jobs, all while strengthening the economy and invigorating local communities.”

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