HR1562-118

Introduced

To amend the Internal Revenue Code of 1986 to repeal certain credits.

118th Congress Introduced Mar 10, 2023

Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.

Summary

What This Bill Does

The bill provides repeal of credits Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by striking sections 45, 45J, 45Q, 45U, 45V, 45X, 45Y, 48, 48A, 48B, 48C, 48D, and 48E (and. It relies on definition changes, appropriations, tax rate changes, and compliance mandates. The main policy areas are Energy, Native American Tribes, Agriculture, and Civil Rights.

Who Benefits and How

The main beneficiaries are the people, organizations, or agencies identified in the bill's substantive provisions.

Who Bears the Burden and How

Federal, state, or local agencies responsible for implementing the clause would take on compliance duties, Tribal governments and members affected by the bill could lose revenue opportunities, and Energy producers and energy supply-chain firms affected by the bill could lose revenue opportunities.

Key Provisions

  • Provides repeal of credits Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by striking sections 45, 45J, 45Q, 45U, 45V, 45X, 45Y, 48, 48A, 48B, 48C, 48D, and 48E (and...

Evidence Chain:

This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.

At a Glance

What This Bill Does

The bill provides repeal of credits Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by striking sections 45, 45J, 45Q, 45U, 45V, 45X, 45Y, 48, 48A, 48B, 48C, 48D, and 48E (and.

Key Policy Areas

Energy, Native American Tribes, Agriculture, Civil Rights

Primary Purpose

The bill provides repeal of credits Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by striking sections 45, 45J, 45Q, 45U, 45V, 45X, 45Y, 48, 48A, 48B, 48C, 48D, and 48E (and.

Policy Domains

Energy Native American Tribes Agriculture Civil Rights

Whole bill

Identified Costs
  • Federal, state, or local agencies responsible for implementing the clause
  • Tribal governments and members affected by the bill
  • Energy producers and energy supply-chain firms affected by the bill
  • Electric utilities and power customers affected by the bill
  • Agricultural producers and rural communities affected by the bill
Model: codex-gpt-5:bulk-repair | Version: bill_summary_v2 | Source: ih
Tribal governments and members affected by the bill:
Electric utilities and power customers affected by the bill:
Agricultural producers and rural communities affected by the bill:
Energy producers and energy supply-chain firms affected by the bill:
Federal, state, or local agencies responsible for implementing the clause:

Legislative Progress

Introduced
Introduced Committee Passed
Mar 10, 2023

Mr. Perry (for himself, Mr. Roy, Mr. Biggs, and Mr. …

Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Energy Native American Tribes Agriculture Civil Rights

We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.

Learn more about our methodology