Energy Freedom Act

HR 3330, the Energy Freedom Act, repeals numerous tax credits and incentives related to clean energy and energy efficiency. The bill specifically targets credits for residential energy improvements, clean vehicles, renewable energy production, biofuels, and energy-efficient buildings. These repeals would eliminate tax benefits for individuals and businesses that previously claimed these credits. The changes would take effect for property placed in service, vehicles acquired, or credits claimed after December 31, 2025, depending on the specific provision. The bill does not repeal all energy-related tax provisions, as section 7 modifies the Second Generation Biofuel Producer Credit rather than repealing it.