I 

116TH CONGRESS 

1ST SESSION H. R. 4887 

To amend the Internal Revenue Code of 1986 to extend the energy credit 

for offshore wind facilities. 

IN THE HOUSE OF REPRESENTATIVES 

OCTOBER 28, 2019 

Mr. PASCRELL (for himself and Mr. KING of New York) introduced the 

following bill; which was referred to the Committee on Ways and Means 

A BILL 

To amend the Internal Revenue Code of 1986 to extend 

the energy credit for offshore wind facilities. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Incentivizing Offshore 

5 Wind Power Act’’. 

6 SEC. 2. EXTENSION OF ENERGY CREDIT FOR OFFSHORE 

7 WIND FACILITIES. 

8 (a) IN GENERAL.—Section 48(a)(5) of the Internal 

9 Revenue Code of 1986 is amended by adding at the end 

10 the following: 


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1 ‘‘(F) QUALIFIED OFFSHORE WIND FACILI2 TIES.— 

3 ‘‘(i) IN GENERAL.—In the case of any 

4 qualified offshore wind facility— 

5 ‘‘(I) subparagraph (C)(ii) shall be 

6 applied by substituting ‘January 1 of 

7 the applicable year (as determined 

8 under subparagraph (F)(ii))’ for ‘Jan9 uary 1, 2020’, 

10 ‘‘(II) subparagraph (E) shall not 

11 apply, and 

12 ‘‘(III) for purposes of this para13 graph, section 45(d)(1) shall be ap14 plied by substituting ‘January 1 of 

15 the applicable year (as determined 

16 under section 48(a)(5)(F)(ii))’ for 

17 ‘January 1, 2020’. 

18 ‘‘(ii) APPLICABLE YEAR.—For pur19 poses of this subparagraph, the term ‘ap20 plicable year’ means the later of— 

21 ‘‘(I) calendar year 2027, or 

22 ‘‘(II) the calendar year subse23 quent to the first calendar year in 

24 which the Secretary, in consultation 

25 with the Secretary of Energy, deterVerDate Sep 11 2014 02:13 Nov 01, 2019 Jkt 099200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H4887.IH H4887

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1 mines that the United States has in2 creased its offshore wind capacity by 

3 not less than 3,000 megawatts as 

4 compared to such capacity on January 

5 1, 2020. 

6 For purposes of subclause (II), the Sec7 retary shall not include any increase in off8 shore wind capacity which is attributable 

9 to any facility the construction of which 

10 began before January 1, 2020. 

11 ‘‘(iii) QUALIFIED OFFSHORE WIND FA12 CILITY.—For purposes of this subpara13 graph, the term ‘qualified offshore wind fa14 cility’ means a qualified facility described 

15 in paragraph (1) of section 45(d) which is 

16 located in the inland navigable waters of 

17 the United States, including the Great 

18 Lakes, or in the coastal waters of the 

19 United States, including the territorial 

20 seas of the United States, the exclusive 

21 economic zone of the United States, and 

22 the outer Continental Shelf of the United 

23 States. 

24 ‘‘(iv) REPORT ON OFFSHORE WIND

25 CAPACITY.—On January 15, 2026, and anVerDate Sep 11 2014 02:13 Nov 01, 2019 Jkt 099200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\H4887.IH H4887

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1 nually thereafter until the calendar year 

2 described in clause (ii)(II), the Secretary, 

3 in consultation with the Secretary of En4 ergy, shall issue a report to be made avail5 able to the public which discloses the in6 crease in the offshore wind capacity of the 

7 United States, as measured in total 

8 megawatts, since January 1, 2020.’’. 

9 (b) EFFECTIVE DATE.—The amendment made by 

10 this section shall apply to periods after December 31, 

11 2016, under rules similar to the rules of section 48(m) 

12 of the Internal Revenue Code of 1986 (as in effect on the 

13 day before the date of the enactment of the Revenue Rec14 onciliation Act of 1990). 

Æ 


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