Agency: Department of the Treasury
Description:
Tax credit for manufacturing components related to wind and solar, batteries, and minerals
Bill Section:
13502
US Code:
26 USC 45X
New or Existing:
New
Potential Cost:
$30,600,000,000
Timeline:
2023 – 2032 overall but different requirements in statute including phase-out
TCS Notes:
$4.6 billion of the total ten-year cost estimate is in FY30 alone.
Elective Payment and Transferability allowed in certain cases.