119th (2025–2027)
S. 1721
The Energy Freedom Act (S. 1721) repeals dozens of federal tax credits and incentives for clean energy and green technology, effective after December 31, 2025. The bill eliminates tax benefits for residential energy improvements, electric vehicles, renewable energy production, biofuels, sustainable aviation fuel, clean hydrogen, nuclear power, carbon capture, and energy-efficient homes, affecting individuals and businesses across residential, commercial, and transportation sectors. The legislation also repeals the federal petroleum tax and eliminates provisions allowing certain entities to directly receive payment for energy credits instead of claiming them through the traditional tax system. No specific funding amounts or implementation timelines beyond the December 31, 2025 effective date are detailed in the provided sections.