Energy Freedom Act
To amend the Internal Revenue Code of 1986 to repeal green energy tax subsidies.
The Energy Freedom Act, or HB3330, proposes to change the Internal Revenue Code by removing tax breaks for green energy. These tax breaks currently support renewable energy sources like wind and solar power. If passed, the bill would eliminate these incentives, potentially impacting the renewable energy sector and the companies that rely on these tax benefits.
This bill would primarily affect businesses and individuals investing in green energy projects, possibly making these investments less financially attractive. It could also affect the overall growth and development of renewable energy in the country. The bill has just been introduced and referred to the House Committee on Ways and Means, where it will be reviewed and potentially debated.
As of May 13, 2025, the Energy Freedom Act has been introduced in the House and referred to the House Committee on Ways and Means. There have been no further actions taken yet. Moving forward, the committee will need to decide whether to advance the bill for further consideration in the House.
