The bill would amend the Internal Revenue Code to reverse several energy-related changes made by Public Law 119–21. It would remove the termination of the energy efficient commercial buildings deduction, extend the new energy efficient home credit through December 31, 2032, and extend the clean hydrogen production credit’s facility-construction deadline to January 1, 2033. It would also remove termination provisions for the clean electricity production and investment credits and make the production credit’s phase-out begin in the later of 2032 or the year when specified emissions fall to 25% or less of 2022 levels.

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