Senate-Passed Megabill Modifies Energy Tax Provisions

Senate Republicans on July 1 revised some energy tax provisions in a sweeping domestic policy bill as part of a compromise reached with Senate holdouts to secure their votes for the package. Republicans removed a proposed excise tax on solar and wind development and added a year for renewable energy projects to begin construction to qualify for tax credits. Instead of ending on Dec. 31, 2026, that program ends on Dec. 31, 2027. The bill, H.R. 1, the fiscal year 2026 Budget, which Trump dubbed the “One Big Beautiful Bill Act,” has gone back to the House after the Senate passed it 51–50, with Vice President JD Vance breaking a tie....