The Lakes Before Turbines Act would eliminate federal tax credits for offshore wind energy projects built in the Great Lakes. Currently, wind developers can claim an investment tax credit—a tax break that reduces their tax liability—when building offshore wind facilities in U.S. inland waters, including the Great Lakes. This bill would remove that tax incentive specifically for Great Lakes projects while keeping it available for offshore wind in other inland waterways. The change would apply retroactively to tax years beginning after December 31, 2022. The bill effectively raises the cost of developing wind energy in the Great Lakes by removing a major financial incentive that helps offset project expenses.
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