Disaster-hit businesses could sell unused energy tax credits
In committeeH.R. 7450Latest action
Sponsor: W. Gregory Steube · Representative · FL
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Official title: Disaster Zone Energy Affordability and Investment Act
119th Congress
Topics: Jobs & the economy
Introduced:
Read the official bill on Congress.govIn plain words
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Businesses in disaster zones could sell unused energy , up to the amount they spend operating in that area within two years.
45-second read · 4 questions answered below
What does this do?
This bill creates an exception to current tax law that normally prevents businesses from selling or transferring unused energy . Businesses in federally or governor-declared disaster zones that happened after December 31, 2023 could transfer those credits to other taxpayers. The amount transferred cannot exceed what the business actually spends on operations in the disaster area within two years of the disaster declaration.
Who does it affect?
This applies to businesses, not individual households, that already hold unused general business energy credits. To qualify, those businesses must be spending money to operate in a federally or state-recognized disaster zone.
Why does it matter?
Under current law, unused energy credits can be carried forward to future tax returns but cannot be sold or transferred. This bill would allow disaster-affected businesses to convert those otherwise stuck credits into value by transferring them.
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Where does it stand?
- IntroducedFeb 9, 2026
- House committeeYou are here · Feb 9, 2026
- House vote
- Senate
- The president's desk
Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House before reaching the president.
Latest action: — Referred to the House Committee on Ways and Means.