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S 1387 United States Senate · 117th Congress

PTC Elimination Act

Summary
PTC Elimination Act This bill repeals the tax credit for producing electricity from renewable resources (e.g., wind, biomass, trash, geothermal or solar energy facilities). The bill also expresses the sense of Congress that such credit should be allowed to expire and should not be extended.
Issues: ✗ Budget & TaxesOpposes Budget & TaxesRepeals renewable energy tax credit, eliminating a fiscal incentive for clean energy projects and directly reducing tax benefits for renewable sectors.95% confidence ✗ EnergyOpposes EnergyRepeals renewable energy tax credit (PTC), directly weakening financial support for wind/solar projects per bill summary.95% confidence ✗ EnvironmentOpposes EnvironmentRepeals tax credit for renewable energy (wind/solar/geothermal), removing key financial incentive that supports clean energy adoption and weakens environmental protection efforts.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Apr 2021
Committee Review
Floor Vote
President
Introduced Apr 27, 2021 Last action Apr 27, 2021
Floor votes

How they voted

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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
Apr 27, 2021
Committee
Read twice and referred to the Committee on Finance.
upper
Apr 27, 2021
Introduced
Introduced in Senate
upper
1 primary · 3 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of James Lankford
James Lankford
RRepublican
OK
n/a
Co
Photo of John Hoeven
John Hoeven
RRepublican
ND
n/a
Co
Photo of Kevin Cramer
Kevin Cramer
RRepublican
ND
n/a
Co
Photo of Shelley Moore Capito
Shelley Moore Capito
RRepublican
WV
n/a