,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #cdgc  ,,in ,,the ,,house ,,of  
,,representatives  ,june #be1 #bjai,mr4 
,langevin 7for himself1 ,mr4 ,tonko1 and
 ,mr4 ,cartwright7 introduced the       
following bill2 which was referred to   
the ,committee on ,ways and ,means  ,a  
,,bill  ,to amend the ,internal ,revenue
 ,code of #aihf to provide for an       
investment tax credit related to the    
production of electricity from offshore 
wind4  #a4 ,short title ,this ,act may  
be cited as the ,offshore ,wind         
,incentives for ,new ,development ,act  
or the ,offshore ,,wind ,act4  #b4      
,energy credit for qualified offshore   
wind facilities  7a7 ,in general        
,subsection 7a7 of section #dh of the   
,internal ,revenue ,code is amended--   
7#a7 in paragraph 7#b77;,a77i7-- 7,a7 in
 subclause 7,,iii71 by striking and at  
the end2 and  7,b7 by adding at the end 
the following new subclause3  7,v7      
qualified offshore wind property1 and  2
 and  7#b7 in paragraph 7#c77;,a7-- 7,a7

 in clause 7vi71 by striking or at the  
end2  7,b7 in clause 7vii71 by adding or
 at the end2 and  7,c7 by adding at the 
end the following new clause3  7viii7   
qualified offshore wind property1 but   
only with respect to property the       
construction of which begins before     
,january #a1 #bjbf1  4  7b7 ,qualified  
offshore wind property ,subsection 7c7  
of section #dh of the ,internal ,revenue
 ,code of #aihf is amended by adding at 
the end the following new paragraph3    
7#e7 ,qualified offshore wind property  
7,a7 ,in general ,the term qualified    
offshore wind property means an offshore
 facility using wind to produce         
electricity4  7,b7 ,offshore facility   
,the term offshore facility means any   
facility located in the inland navigable
 waters of the ,united ,states1         
including the ,great ,lakes1 or in the  
coastal waters of the ,united ,states1  
including the territorial seas of the   
,united ,states1 the exclusive economic 
zone of the ,united ,states1 and the    

outer ,continental ,shelf of the ,united
 ,states4  7,c7 ,exception for qualified
 small wind energy property ,the term   
qualified offshore wind property shall  
not include any property described in   
paragraph 7#d74  7,d7 ,special rule ,in 
the case of any property described in   
subparagraph 7,a7 which was placed in   
service after ,december #ca1 #bjaf1 and 
for which a credit under this section   
was allowed by reason of subsection     
7a77#e7 in any taxable year which ends  
before or includes the date of the      
enactment of the ,offshore ,,wind ,act1 
notwithstanding any election under such 
subsection 7a77#e71 such property may be
 treated at the election of the taxpayer
 as qualified offshore wind property    
7and not as qualified property which is 
part of a qualified investment credit   
facility7 for--  7i7 taxable years      
including or beginning after such date  
of enactment1 and  7ii7 any taxable     
years ending before such date of        
enactment1 including by filing an       

amended return4  ,notwithstanding       
section #feja1 an amended return may be 
filed for purposes of clause 7ii7 for   
any taxable year described in such      
clause4  4  7c7 ,effective date ,the    
amendments made by this section shall   
take effect on the date of the enactment
 of this ,act4