H.R. 7388 · 117th Congress
Offshore Wind American Manufacturing Act of 2022
- Stage
- In committee
- Sponsor
- Bill Pascrell
- Introduced
- 2022-04-04
- Latest action
- 2022-04-04 · Introduced in House
Summary
Offshore Wind American Manufacturing Act of 2022
This bill establishes a new, refundable tax credit for investment in manufacturing facilities that produce offshore wind turbine components. The credit amount is equal to the sum of the offshore wind manufacturing investment credit (30% of the investment amount) and the offshore wind manufacturing production credit.