A better Build Back Better Plan? Updated House bill continues to include substantial clean energy tax proposals
November 02, 2021
November 02, 2021
Following the White House’s release of an updated Build Back Better Plan framework on October 28, 2021, the House released a revised budget reconciliation bill totaling $1.75 trillion. Both the framework and the updated House bill include substantial tax provisions for the energy sector.
The full text of the bill and a section-by-section summary can be found here. The negotiations over a final package remain in flux and Senator Manchin has indicated that he’s not yet ready to support this House bill. Notwithstanding the uncertainty regarding what will be included in a final package, a few items in the October 28 House bill are of note:
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