Plain English
GovGreed Synthesis ·
This joint resolution disapproves a specific IRS rule implementing the Section 45Y Clean Electricity Production Credit and Section 48E Clean Electricity Investment Credit, which are tax credits for clean electricity. If enacted, the disapproval would nullify the IRS rule, potentially creating uncertainty or altering the implementation of these credits for clean energy projects.
Market Impact Map
Action Timeline
2025-03-26
Read twice and referred to the Committee on Finance.
2025-03-26
Introduced in Senate
Full Bill Text
119 SJ 39 IS: Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Internal Revenue Service relating to “Section 45Y Clean Electricity Production Credit and Section 48E Clean Electricity Investment Credit”. U.S. Senate 2025-03-26 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. IIA 119th CONGRESS 1st Session S. J. RES. 39 IN THE SENATE OF THE UNITED STATES March 26, 2025 Mr. Lee introduced the following joint resolution; which was read twice and referred to the Committee on Finance JOINT RESOLUTION Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Internal Revenue Service relating to Section 45Y Clean Electricity Production Credit and Section 48E Clean Electricity Investment Credit . That Congress disapproves the rule submitted by the Internal Revenue Service relating to Section 45Y Clean Electricity Production Credit and Section 48E Clean Electricity Investment Credit (90 Fed. Reg. 4006 (January 15, 2025)), and such rule shall have no force or effect.
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