119th (2025–2027)
H.R. 6474
H.R. 6474 modifies tax incentives for clean energy projects by expanding which communities qualify as "energy communities" eligible for higher renewable electricity production and clean electricity investment tax credits. Specifically, the bill allows non-metropolitan statistical areas to qualify for these enhanced tax credit rates, broadening eligibility beyond just metropolitan areas. This change affects businesses and investors developing renewable energy projects in rural and smaller communities, potentially making clean energy projects more financially viable in those regions. The bill contains no specific funding amounts, as it works through the tax code to increase existing credit rates rather than appropriating new money. The amendments are retroactively effective, tying back to provisions in the 2024 omnibus spending law (Public Law 119-21) to clarify the original legislative intent.