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S. 3036 (114th): Offshore WIND Act

We don’t have a summary available yet.

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress, and was published on Jun 8, 2016.


Offshore Wind Incentives for New Development Act or the Offshore WIND Act

This bill amends the Internal Revenue Code to expand the tax credit for investment in energy property to include a qualified offshore wind property until January 1, 2026. Under the bill, a qualified offshore wind property is an offshore facility that uses wind to produce electricity, excluding certain small wind energy property which uses a small wind turbine to generate electricity.