U.S. President Trump Orders Termination of Clean Electricity Production and Investment Tax Credits for Wind and Solar Facilities

Following the enactment of the One Big Beautiful Bill Act, U.S. President Trump has signed an executive order instructing the Treasury Secretary to take all action deemed necessary and appropriate to strictly enforce the termination of the clean electricity production and investment tax credits under sections 45Y and 48E of the Internal Revenue Code for wind and solar facilities. The following…
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