Dismissing the election contest relating to the office of Representative from the at-large Congressional District of Alaska.

Restoring Energy Market Freedom Act

This bill repeals multiple business tax credits related to the production and sale of energy.

Specifically, the bill repeals the

• renewable electricity production tax credit (for electricity using wind, solar, or other specific types of renewable energy produced by a qualified facility for which construction began before 2025);
• clean electricity production tax credit (for electricity produced using a qualified facility that has no greenhouse gas emissions and was placed into service in 2025 or after);
• advanced nuclear production tax credit (for electricity produced and sold by a qualified nuclear power facility placed into service before 2021);
• zero-emission nuclear power production tax credit (for electricity produced and sold by a qualified nuclear power facility between 2024 and 2032);
• carbon sequestration tax credit (for the capture and sequestration of carbon oxide);
• clean hydrogen production tax credit (for clean hydrogen produced at a qualified clean production facility);
• advanced manufacturing production tax credit (for the production and sale of qualified components, including solar and wind energy components);
• energy investment tax credit (for investments in certain qualified energy property placed into service before 2025);
• clean electricity investment credit (for investments in qualified energy property placed into service in 2025 or after);
• qualifying advance coal project tax credit (for investments in qualifying advanced coal projects),
• clean coal investment tax credit (for investments in qualifying gasification projects);
• advanced energy project tax credit (for investments in qualifying advanced energy projects); and
• advanced manufacturing investment tax credit (for investments in semiconductor or semiconductor manufacturing equipment).