Energy credit repealed

(a) In general Subpart E of part IV of subchapter A of chapter 1 is amended by striking section 48 (and by striking the item relating to such section in the table of sections for such subpart). (b) Conforming amendments (1) Section 38(c)(4)(B) is amended by striking clause (x). (2) Section 45K(b)(3)(A)(i)(III) is amended by inserting (as in effect on the day before the date of enactment of the Energy Freedom Act) after section 48(a)(4)(C). (3) Section 46 is amended by striking paragraph (2). (4) Section 48A(b)(2) is amended by inserting as in effect on the day before the enactment of the Energy Freedom Act and before without regard. (5) Section 48B(b)(2) is amended by inserting as in effect on the day before the enactment of the Energy Freedom Act and before without regard. (6) Section 50 is amended— (A) in subsection (a)(2)(E), by striking 48(b), and (B) in subsection (d)(2), by striking At the election and all that follows through the period. (7) Section 59A(b)(4) is amended— (A) in subparagraph (A), by adding and at the end, (B) in subparagraph (B), by striking, and and inserting a period at the end, and (C) by striking subparagraph (C). (8) Section 168(e)(3)(B)(vi)(I) is amended by inserting (as in effect on the day before the enactment of the Energy Freedom Act) after section 48(a)(3). (9) Section 7701(e) is amended— (A) in paragraph (3)— (i) in subparagraph (A)(i)— (I) in subclause (II), by adding or at the end, (II) in subclause (III), by striking or and inserting and, and (III) by striking subclause (IV), and (ii) by striking subparagraph (F), and (B) by striking water treatment works facility, or storage facility and inserting or water treatment works facility. (c) Effective date The amendments made by this section shall apply to property placed in service in taxable years beginning after December 31, 2025.