Limit, Save, Grow Act of 2023
What changed between versions
New Section 202 permanently rescinds unobligated balances from five specific sections of the Inflation Reduction Act (Public Law 117-169): Sections 50131, 50144, 50224, 60114, and 60501.
Entire Section 225 (Modification of credit for carbon oxide sequestration) was removed. This section would have modified the Section 45Q carbon capture tax credit by changing qualified facility definitions, adjusting dollar amounts, removing wage and apprenticeship requirements, and making other changes.
Old Sections 227 (Incentives for biodiesel, renewable diesel, and alternative fuels) and 228 (Second generation biofuel incentives) were removed from the engrossed version.
New Section 243 (Transition rule) was added at the end of Title III (Repeal Market Distorting Green Tax Credits), likely providing guidance on how to handle in-progress projects affected by the tax credit repeals.
New Section 313 (Supplemental nutrition assistance program under the Food and Nutrition Act of 2008) was added to Division C Title II (SNAP Exemptions).
Division B Title I was renamed from 'Rescission of unobligated coronavirus funds' to 'Rescission of unobligated funds,' reflecting that the rescission now covers both pandemic-era appropriations and Inflation Reduction Act funds.