119-hr3330

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3330 Introduced in House

    (IH) ]

<DOC>

119th CONGRESS
 1st Session
 H. R. 3330

 To amend the Internal Revenue Code of 1986 to repeal green energy tax 
 subsidies.

_______________________________________________________________________

 IN THE HOUSE OF REPRESENTATIVES

 May 13, 2025

 Mr. Brecheen (for himself, Mr. Roy, Ms. Hageman, Mr. Perry, Mr. Moore 
of Alabama, Mr. Crane, and Mr. Davidson) introduced the following bill; 
 which was referred to the Committee on Ways and Means

_______________________________________________________________________

 A BILL

 To amend the Internal Revenue Code of 1986 to repeal green energy tax 
 subsidies.

 Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE; ETC.

    (a) Short Title.--This Act may be cited as the ``Energy Freedom 
Act''.

    (b) Amendment of 1986 Code.--Except as otherwise expressly 
provided, whenever in this Act an amendment or repeal is expressed in 
terms of an amendment to, or repeal of, a section or other provision, 
the reference shall be considered to be made to a section or other 
provision of the Internal Revenue Code of 1986.
            (c) Table of Contents.--The table of contents of this Act is as 
follows:

Sec. 1. Short title; etc.

Sec. 2. Energy efficient home improvement credit repealed.

Sec. 3. Residential clean energy credit repealed.

Sec. 4. Previously-owned clean vehicles credit repealed.

Sec. 5. Alternative fuel vehicle refueling property credit repealed.

Sec. 6. Clean vehicle credit repealed.

Sec. 7. Second generation biofuel producer credit.

Sec. 8. Repeal of incentives for biodiesel, renewable diesel, and 
 alternative fuels.

Sec. 9. Sustainable aviation fuel credit repealed.

Sec. 10. Electricity produced from certain renewable resources credit 
 repealed.

Sec. 11. New energy efficient home credit repealed.

Sec. 12. Carbon oxide sequestration credit repealed.

Sec. 13. Zero-emission nuclear power production credit repealed.

Sec. 14. Clean hydrogen production credit repealed.

Sec. 15. Qualified commercial clean vehicles credit repealed.

Sec. 16. Advanced manufacturing production credit repealed.

Sec. 17. Clean electricity production credit repealed.

Sec. 18. Clean fuel production credit repealed.

Sec. 19. Energy credit repealed.

Sec. 20. Qualifying advanced energy project credit repealed.

Sec. 21. Clean electricity investment credit repealed.

Sec. 22. Energy efficient commercial buildings deduction repealed.

Sec. 23. Repeal on tax on petroleum.

Sec. 24. Repeal of sections relating to elective payment for energy 
 property and electricity produced from 
 certain renewable resources; transfer of 
 credits.

SEC. 2. ENERGY EFFICIENT HOME IMPROVEMENT CREDIT REPEALED.

    (a) In General.--Subpart A of part IV of subchapter A of chapter 1 
is amended by striking 

section 25C (and by striking the item relating 
to such section in the table of sections for such subpart).

    (b) Conforming Amendments.--

    (1) Section 1016

    (a) is amended by striking paragraph

    (33) .

    (2) Section 6213

    (g)

    (2) is amended by striking subparagraphs
        (R) and
        (S) .
            (c) Effective Date.--The amendments made by this section shall 
apply to property placed in service in taxable years beginning after 
December 31, 2025.

SEC. 3. RESIDENTIAL CLEAN ENERGY CREDIT REPEALED.

    (a) In General.--Subpart A of part IV of subchapter A of chapter 1 
is amended by striking 

section 25D (and by striking the item relating 
to such section in the table of sections for such subpart).

    (b) Conforming Amendments.--

    (1) Section 23
            (c) (1) is amended by striking ``and 

section 25D''.

    (2) Section 25

    (e)

    (1)
            (C) is amended by striking ``sections 
 23 and 25D'' and inserting ``

section 23''.

    (3) Section 1016

    (a) is amended by striking paragraph

    (34) .
            (c) Effective Date.--The amendments made by this section shall 
apply to expenditures paid or incurred in taxable years beginning after 
December 31, 2025.

SEC. 4. PREVIOUSLY-OWNED CLEAN VEHICLES CREDIT REPEALED.

    (a) In General.--Subpart A of part IV of subchapter A of chapter 1 
is amended by striking 

section 25E (and by striking the item relating 
to such section in the table of sections for such subpart).

    (b) Conforming Amendment.--

Section 6213

    (g)

    (2) is amended by 
striking subparagraph
        (U) .
            (c) Effective Date.--The amendments made by this section shall 
apply to vehicles acquired after December 31, 2025.

SEC. 5. ALTERNATIVE FUEL VEHICLE REFUELING PROPERTY CREDIT REPEALED.

    (a) In General.--Subpart B of part IV of subchapter A of chapter 1 
is amended by striking 

section 30C (and by striking the item relating 
to such section in the table of sections for such subpart).

    (b) Conforming Amendments.--

    (1) Section 38

    (b) is amended by striking paragraph

    (25) .

    (2) Section 55
            (c) (3) is amended by striking ``sections 
 30C
            (d) (2) and'' and inserting ``section''.

    (3) Section 1016

    (a) is amended by striking paragraph

    (36) .

    (4) Section 6501
            (m) is amended by striking ``30C

    (e)

    (4) ,''.

    (5) Section 244

    (b) of the Energy Independence and Security 
 Act of 2007 (42 U.S.C. 17052

    (b) ) is amended by striking 
 paragraph

    (6) .
            (c) Effective Date.--The amendments made by this section shall 
apply to property placed in service after December 31, 2025.

SEC. 6. CLEAN VEHICLE CREDIT REPEALED.

    (a) In General.--Subpart B of part IV of subchapter A of chapter 1 
is amended by striking 

section 30D (and by striking the item relating 
to such section in the table of sections for such subpart).

    (b) Conforming Amendments.--

    (1) Section 166

    (b)

    (5)
        (A)
            (ii) of title 23, United States 
 Code, is amended by inserting ``(as in effect on the day before 
 the enactment of the Energy Freedom Act)'' after ``

section 30D
            (d) (1) of the Internal Revenue Code of 1986''.

    (2) Section 30B
            (d) (3) is amended by striking subparagraph
            (D) .

    (3) Section 38

    (b) is amended by striking paragraph

    (30) .

    (4) Section 1016

    (a) is amended by striking paragraph

    (37) .

    (5) Section 6213

    (g)

    (2) is amended by striking subparagraph
        (T) .

    (6) Section 6501
            (m) is amended by striking ``30D

    (f)

    (6) ,''.
            (c) Effective Date.--The amendments made by this section shall 
apply to vehicles placed in service after December 31, 2025.

SEC. 7. SECOND GENERATION BIOFUEL PRODUCER CREDIT.

    (a) In General.--

Section 40 is amended--

    (1) in subsection

    (a) --
        (A) in paragraph

    (2) , by adding ``plus'' at the 
 end,
        (B) in paragraph

    (3) , by striking ``plus'' at the 
 end, and
            (C) by striking paragraph

    (4) ,

    (2) in subsection

    (b) --
        (A) in paragraph

    (4)
            (C) , by striking ``(determined 
 without regard to any qualified second generation 
 biofuel production)'', and
        (B) by striking paragraph

    (6) ,

    (3) in subsection
            (d) --
        (A) in paragraph

    (3) --
            (i) by striking subparagraph
            (D) , and
            (ii) in subparagraph
        (E) , by striking 
 ``
            (C) , or
            (D) '' and inserting ``or
            (C) '', and
        (B) by striking paragraph

    (6) , and

    (4) in subsection

    (e) , by striking paragraph

    (3) .

    (b) Conforming Amendments.--

    (1) Section 168
            (l) (2)
        (A) is amended by inserting ``(as in 
 effect on the day before the enactment of the Energy Freedom 
 Act)'' after ``40

    (b)

    (6)
        (E) ''.

    (2) Section 4101

    (a)

    (1) is amended by inserting ``(as in 
 effect on the day before the enactment of the Energy Freedom 
 Act)'' after ``40

    (b)

    (6)
        (E) ''.

SEC. 8. REPEAL OF INCENTIVES FOR BIODIESEL, RENEWABLE DIESEL, AND 
 ALTERNATIVE FUELS.

    (a) Biodiesel and Renewable Diesel Used as Fuel.--

    (1) In general.--Subpart D of part IV of subchapter A of 
 chapter 1 is amended by striking 

section 40A (and by striking 
 the item relating to such section in the table of sections for 
 such subpart).

    (2) Conforming amendments.--
        (A) Section 38

    (b) is amended by striking paragraph

    (17) .
        (B) Section 87 is amended--
            (i) in paragraph

    (1) , by adding ``and'' at 
 the end,
            (ii) by striking paragraph

    (2) , and
            (iii) by redesignating paragraph

    (3) as 
 paragraph

    (2) .
            (C) Section 196
            (c) is amended by striking paragraph

    (11) .
            (D) Section 4101

    (a)

    (1) is amended by inserting 
 ``(as in effect on the day before the enactment of the 
 Energy Freedom Act)'' after ``

section 40A
            (d) (1) ''.
        (E) Section 4104

    (a)

    (1) is amended by striking ``34, 
 40, and 40A,'' and inserting ``34 and 40''.
        (F) Section 7704
            (d) (1)
        (E) is amended by inserting 
 ``(as in effect on the day before the enactment of the 
 Energy Freedom Act)'' after ``

section 40A
            (d) (1) ''.

    (b) Credit for Alcohol Fuel, Biodiesel, and Alternative Fuel 
Mixtures.--

    (1) In general.--Subchapter B of chapter 65 is amended by 
 striking 

section 6426 (and by striking the item relating to 
 such section in the table of sections for such subpart).

    (2) Conforming amendments.--
        (A) Section 40
            (c) is amended by striking ``, 
 

section 6426,''.
        (B) Section 4101

    (a)

    (1) is amended by inserting 
 ``(as in effect on the day before the enactment of the 
 Energy Freedom Act)'' after ``

section 6426

    (b)

    (4)
        (A) ''.
            (C) Section 4104

    (a)

    (2) is amended by striking ``, 
 6426,''.
            (D) Section 7704
            (d) (1)
        (E) is amended by striking 
 ``any fuel described in subsection

    (b) ,
            (c) ,
            (d) , or

    (e) of 

section 6426, or any alcohol fuel defined in 
 

section 6426

    (b)

    (4)
        (A) '' and inserting ``any fuel 
 described in subsection

    (b) ,
            (c) ,
            (d) , or

    (e) of 
 

section 6426 (as in effect on the day before the 
 enactment of the Energy Freedom Act), or any alcohol 
 fuel defined in 

section 6426

    (b)

    (4)
        (A) (as in effect on 
 the day before the enactment of the Energy Freedom 
 Act)''.
        (E) Section 9503

    (b)

    (1) is amended by striking 
 ``taxes received under sections 4041 and 4081 shall be 
 determined without reduction for credits under 

section 6426 and''.
            (c) Biodiesel, Alternative Fuel, or Sustainable Aviation Fuel.--

    (1) In general.--

Section 6427 is amended--
        (A) by striking subsection

    (e) , and
        (B) in subsection
            (i) , by striking paragraph

    (3) .

    (2) Conforming amendments.--
        (A) Section 40
            (c) , as amended by subsection

    (b) , is 
 amended by striking ``or 

section 6427

    (e) ''.
        (B) Section 4104

    (a)

    (2) , as amended by subsection

    (b) , is amended by striking ``or 6427

    (e) ''.

SEC. 9. SUSTAINABLE AVIATION FUEL CREDIT REPEALED.

    (a) In General.--Subpart D of part IV of subchapter A of chapter 1 
is amended by striking 

section 40B (and by striking the item relating 
to such section in the table of sections for such subpart).

    (b) Conforming Amendment.--

Section 38

    (b) is amended by striking 
paragraph

    (35) .
            (c) Conforming Amendments.--

    (1) Section 87, as amended by 

section 8 of this Act, is 
 amended to read as follows:

``

SEC. 87. ALCOHOL CREDIT.

 ``Gross income includes the amount of the alcohol fuel credit 
determined with respect to the taxpayer for the taxable year under 

section 40

    (a) .''.

    (2) Section 4101

    (a)

    (1) is amended by inserting ``(as in 
 effect on the day before the enactment of the Energy Freedom 
 Act)'' after ``

section 40B''.
            (d) Effective Date.--The amendments made by this section shall 
apply to fuel sold or used after December 31, 2025.

SEC. 10. ELECTRICITY PRODUCED FROM CERTAIN RENEWABLE RESOURCES CREDIT 
 REPEALED.

    (a) In General.--Subpart D of part IV of subchapter A of chapter 1 
is amended by striking 

section 45 (and by striking the item relating to 
such section in the table of sections for such subpart).

    (b) Conforming Amendments.--

    (1) Section 38 is amended--
        (A) in subsection

    (b) , by striking paragraph

    (8) , 
 and
        (B) in subsection
            (c) (4)
        (B) , by striking clauses
            (iv) and
            (v) .

    (2) Section 45J is amended--
        (A) in subsection
            (c) (2)
        (A)
            (i) , by inserting ``(as 
 in effect on the day before the date of enactment of 
 the Energy Freedom Act)'' after ``45

    (e)

    (2)
            (C) '',
        (B) in subsection
            (c) (2)
        (B) , by inserting ``(as in 
 effect on the day before the date of enactment of the 
 Energy Freedom Act)'' after ``45

    (e)

    (2)
        (B) '', and
            (C) in subsection

    (f) , by inserting ``(as in effect 
 on the day before the date of enactment of the Energy 
 Freedom Act)'' after ``

section 45

    (e) ''.

    (3) Section 45K

    (g)

    (2) is amended by striking subparagraph
        (E) .

    (4) Section 55
            (c) (1) is amended by striking 
 ``45

    (e)

    (11)
            (C) ,''.

    (5) Section 59A

    (b)

    (4) is amended--
        (A) in subparagraph
        (A) , by adding ``and'' at the 
 end,
        (B) by striking subparagraph
        (B) , and
            (C) by redesignating subparagraph
            (C) as 
 subparagraph
        (B) .
            (c) Effective Date.--The amendments made by this section shall 
apply to electricity produced in taxable years beginning after December 
31, 2025.

SEC. 11. NEW ENERGY EFFICIENT HOME CREDIT REPEALED.

    (a) In General.--Subpart D of part IV of subchapter A of chapter 1 
is amended by striking 

section 45L (and by striking the item relating 
to such section in the table of sections for such subpart).

    (b) Conforming Amendments.--

    (1) Section 38

    (b) is amended by striking paragraph

    (23) .

    (2) Section 196
            (c) is amended by striking paragraph

    (13) .

    (3) Section 1016

    (a) is amended by striking paragraph

    (32) .
            (c) Effective Date.--The amendments made by this section shall 
apply to homes acquired after December 31, 2025.

SEC. 12. CARBON OXIDE SEQUESTRATION CREDIT REPEALED.

    (a) In General.--Subpart D of part IV of subchapter A of chapter 1 
is amended by striking 

section 45Q (and by striking the item relating 
to such section in the table of sections for such subpart).

    (b) Conforming Amendments.--

    (1) Section 38

    (b) is amended by striking paragraph

    (29) .

    (2) Section 142

    (o)

    (1)
        (B) is amended by inserting ``(as in 
 effect on the day before the enactment of the Energy Freedom 
 Act)'' after ``

section 45Q

    (e)

    (3) ''.

    (3) Section 969D

    (e)

    (4)
        (B)
            (ii) 
            (II) 
            (cc) of the Energy Policy 
 Act of 2005 (42 U.S.C. 16298d

    (e)

    (4)
        (B)
            (ii) 
            (II) 
            (cc) ) is amended 
 by inserting ``(as in effect on the day before the date of 
 enactment of the Energy Freedom Act)'' after ``

section 45Q

    (f)

    (5) ''.
            (c) Effective Date.--The amendments made by this section shall 
apply to facilities or equipment placed in service after December 31, 
2025.

SEC. 13. ZERO-EMISSION NUCLEAR POWER PRODUCTION CREDIT REPEALED.

    (a) In General.--Subpart D of part IV of subchapter A of chapter 1 
is amended by striking 

section 45U (and by striking the item relating 
to such section in the table of sections for such subpart).

    (b) Conforming Amendments.--

Section 38

    (b) is amended by striking 
paragraph

    (34) .
            (c) Effective Date.--The amendments made by this section shall 
apply to electricity produced and sold after December 31, 2025, in 
taxable years beginning after such date.

SEC. 14. CLEAN HYDROGEN PRODUCTION CREDIT REPEALED.

    (a) Credit for Production of Clean Hydrogen Repealed.--

    (1) In general.--Subpart D of part IV of subchapter A of 
 chapter 1 is amended by striking 

section 45V (and by striking 
 the item relating to such section in the table of sections for 
 such subpart).

    (2) Conforming amendment.--

Section 38

    (b) is amended by 
 striking paragraph

    (36) .

    (3) Effective date.--The amendments made by this section 
 shall apply to hydrogen produced after December 31, 2025.

SEC. 15. QUALIFIED COMMERCIAL CLEAN VEHICLES CREDIT REPEALED.

    (a) In General.--Subpart D of part IV of subchapter A of chapter 1 
is amended by striking 

section 45W (and by striking the item relating 
to such section in the table of sections for such subpart).

    (b) Conforming Amendments.--

    (1) Section 38

    (b) is amended by striking paragraph

    (37) .

    (2) Section 6213

    (g)

    (2) is amended by striking subparagraph
            (V) .
            (c) Effective Date.--The amendments made by this section shall 
apply to vehicles acquired after December 31, 2025.

SEC. 16. ADVANCED MANUFACTURING PRODUCTION CREDIT REPEALED.

    (a) In General.--Subpart D of part IV of subchapter A of chapter 1 
is amended by striking 

section 45X (and by striking the item relating 
to such section in the table of sections for such subpart).

    (b) Conforming Amendment.--

Section 38

    (b) is amended by striking 
paragraph

    (38) .
            (c) Effective Date.--The amendments made by this section shall 
apply to components produced and sold after December 31, 2025.

SEC. 17. CLEAN ELECTRICITY PRODUCTION CREDIT REPEALED.

    (a) In General.--Subpart D of part IV of subchapter A of chapter 1 
is amended by striking 

section 45Y (and by striking the item relating 
to such section in the table of sections for such subpart).

    (b) Conforming Amendments.--

    (1) Section 38

    (b) , as amended by Public Law 117-169, is 
 amended by striking paragraph

    (39) .

    (2) Section 168

    (e)

    (3)
        (B)
            (viii) , as added by Public Law 117-
 169, is amended by striking ``any qualified facility (as 
 defined in 

section 45Y

    (b)

    (1)
        (A) ),''.
            (c) Effective Date.--The amendments made by this section shall 
apply to facilities placed in service after December 31, 2025.

SEC. 18. CLEAN FUEL PRODUCTION CREDIT REPEALED.

    (a) In General.--Subpart D of part IV of subchapter A of chapter 1 
is amended by striking 

section 45Z (and by striking the item relating 
to such section in the table of sections for such subpart).

    (b) Conforming Amendments.--

    (1) Section 38

    (b) , as amended by Public Law 117-169, is 
 amended by striking paragraph

    (40) .

    (2) Section 4101

    (a)

    (1) , as amended by Public Law 117-169, 
 is amended by striking ``every person producing a fuel eligible 
 for the clean fuel production credit (pursuant to 

section 45Z),''.
            (c) Effective Date.--The amendments made by this section shall 
apply to transportation fuel produced after December 31, 2025.

SEC. 19. 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.

SEC. 20. QUALIFYING ADVANCED ENERGY PROJECT CREDIT REPEALED.

    (a) In General.--Subpart E of part IV of subchapter A of chapter 1 
is amended by striking 

section 48C (and by striking the item relating 
to such section in the table of sections for such subpart).

    (b) Conforming Amendments.--

    (1) Section 46 is amended by striking paragraph

    (5) .

    (2) Section 49

    (a)

    (1)
            (C) is amended by striking clause
            (v) .

    (3) Section 50

    (a)

    (2)
        (E) is amended by striking 
 ``48C

    (b)

    (2) ,''.
            (c) Effective Date.--The amendments made by this section shall take 
effect on January 1, 2026.

SEC. 21. CLEAN ELECTRICITY INVESTMENT CREDIT REPEALED.

    (a) In General.--Subpart E of part IV of subchapter A of chapter 1 
is amended by striking 

section 48E (and by striking the item relating 
to such section in the table of sections for such subpart).

    (b) Conforming Amendments.--

    (1) Section 46, as amended by Public Law 117-169 and 
 

section 20 of this Act, is amended--
        (A) in paragraph

    (4) , by adding ``and'' at the end,
        (B) in paragraph

    (6) , by striking ``, and'' and 
 inserting a period, and
            (C) by striking paragraph

    (7) .

    (2) Section 49

    (a)

    (1)
            (C) , as amended by Public Law 117-169, 
 is amended--
        (A) by adding ``and'' at the end of clause
            (iv) ,
        (B) by striking the comma at the end of clause
            (vi) and inserting a period, and
            (C) by striking clauses
            (vii) and
            (viii) .

    (3) Section 50

    (a)

    (2)
        (E) , as amended by Public Law 117-169, 
 is amended by striking ``48D

    (b)

    (5) , or 48E

    (e) '' and inserting 
 ``or 48D

    (b)

    (5) ''.

    (4) Section 50
            (c) (3) , as amended by Public Law 117-169, is 
 amended by striking ``or clean electricity investment credit''.

    (5) Section 168

    (e)

    (3)
        (B) , as amended by Public Law 117-169 
 and 

section 17 of this Act, is amended by striking clause
            (viii) .
            (c) Effective Date.--The amendments made by this section shall 
apply to facilities and property placed in service after December 31, 
2025.

SEC. 22. ENERGY EFFICIENT COMMERCIAL BUILDINGS DEDUCTION REPEALED.

    (a) In General.--Part VI of subchapter B of chapter 1 is amended by 
striking 

section 179D (and by striking the item relating to such 
section in the table of sections for such part).

    (b) Conforming Amendments.--

    (1) Section 263

    (a)

    (1) is amended by striking subparagraph
        (J) .

    (2) Section 312

    (k)

    (3)
        (B) is amended to read as follows:
 ``
        (B) Treatment of amounts deductible under 

section 179, 179b, 179c, or 179e.--For purposes of computing 
 the earnings and profits of a corporation, any amount 
 deductible under 

section 179, 179B, 179C, or 179E shall 
 be allowed as a deduction ratably over the period of 5 
 taxable years (beginning with the taxable year for 
 which such amount is deductible under 

section 179, 
 179B, 179C, or 179E, as the case may be).''.

    (3) Section 1016

    (a) is amended by striking paragraph

    (31) .

    (4) Section 1245

    (a) is amended--
        (A) in paragraph

    (2)
            (C) , by striking ``179D,'', and
        (B) in paragraph

    (3)
            (C) , by striking ``179D,''.
            (c) Effective Date.--The amendments made by this section shall 
apply to property placed in service after December 31, 2025.

SEC. 23. REPEAL ON TAX ON PETROLEUM.

    (a) In General.--Chapter 38 is amended by striking subchapter A 
(and by striking the item relating to such subchapter in the table of 
subchapters for such chapter).

    (b) Conforming Amendments.--

    (1) Section 4671
            (c) is amended to read as follows:
 ``
            (c) Exemptions for Substances Taxed Under 

Section 4661.--No tax 
shall be imposed by this section on the sale or use of any substance if 
tax is imposed on such sale or use under 

section 4661.''.

    (2) Section 9507

    (b) is amended--
        (A) in paragraph

    (1) , by striking ``4611, 4661,'' 
 and inserting ``4661'', and
        (B) by striking the flush matter at the end.

    (3) Section 9509

    (b) is amended by striking paragraph

    (1) .

    (4) Section 198
            (d) (1)
            (C) is amended by inserting ``(as in 
 effect on the day before the enactment of the Energy Freedom 
 Act)'' after ``

section 4612

    (a)

    (3) ''.

    (5) Section 4132

    (a)

    (3) is amended by inserting ``(as in 
 effect on the day before the enactment of the Energy Freedom 
 Act)'' after ``

section 4612

    (a)

    (4) ''.

    (6) Section 4662

    (a)

    (2) is amended by inserting ``(as in 
 effect on the day before the enactment of the Energy Freedom 
 Act)'' after ``

section 4612

    (a)

    (4) ''.

    (7) Section 4682

    (e)

    (2) is amended by inserting ``(as in 
 effect on the day before the enactment of the Energy Freedom 
 Act)'' after ``

section 4612

    (a)

    (4) ''.

    (8) Section 5000D

    (e)

    (2) is amended by inserting ``(as in 
 effect on the day before the enactment of the Energy Freedom 
 Act)'' after ``

section 4612

    (a)

    (4) ''.
            (c) Effective Date.--The amendments made by this section shall take 
effect on January 1, 2026.

SEC. 24. REPEAL OF SECTIONS RELATING TO ELECTIVE PAYMENT FOR ENERGY 
 PROPERTY AND ELECTRICITY PRODUCED FROM CERTAIN RENEWABLE 
 RESOURCES; TRANSFER OF CREDITS.

    (a) In General.--Subchapter B of chapter 65 is amended by striking 
sections 6417 and 6418 (and by striking the items relating to such 
sections in the table of sections for such subchapter).

    (b) Conforming Amendments.--

    (1) Section 39

    (a) is amended by striking paragraph

    (4) .

    (2) Section 50
            (d) is amended by striking ``In the case of a 
 real estate investment trust making an election under 

section 6418, paragraphs

    (1)
        (B) and

    (2)
        (B) of the 

section 46

    (e) referred to in paragraph

    (1) of this subsection shall not apply 
 to any investment credit property of such real estate 
 investment trust to which such election applies''.

    (3) Section 56A
            (c) (9) is amended by striking ``or 6417''.

    (4) Section 13801 of Public Law 117-169 is amended by 
 striking subsection

    (f) .
            (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2025.
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