Senate to Alter Energy Tax Credit Phase-Outs, Tillis Says (1)

Republicans on the Senate Finance Committee have “general consensus” to modify the House-passed proposal that aggressively limits Inflation Reduction Act clean-energy tax credits, Senator Thom Tillis said Thursday.

• “We have an agreement we have to change some of the ramp-down provisions,” Tillis said of aggressive credit phaseouts passed by the House
• Senate Finance Committee “will embrace a lot of what” the House passed, but “is getting to a good place,” Tillis says
• Tillis says different proposals are still being discussed
• Senator Chuck Grassley, another Republican member of the Finance Committee, said Republican members are also discussing changes to language ...