Temporarily suspends the clean electricity production credit to fund the Strategic Petroleum Reserve.
Federal SB4158 amends the Internal Revenue Code to temporarily suspend the clean electricity production credit for electricity produced between October 1, 2025, and September 30, 2027. The revenue generated from this suspension will be deposited into the Strategic Petroleum Reserve Petroleum Account. This measure aims to support the Strategic Petroleum Reserve during the suspension period.
The filed bill text is too short for analysis.