As widely reported by the press, it appears that the Build Back Better Act is at an impasse following Senator Joe Manchin’s statements that he would not vote for the bill.
Our prior coverage can be found below:
House Passes Build Back Better Reconciliation Bill
Clean Energy Tax Proposals in Biden’s New “Build Back Better†Framework
We understand that democrats are working to put together smaller pieces of legislation that might be able to pass by the end of the year, including certain green energy proposals that have wide support. We remain optimistic that some version of green energy tax credit extension and/or expansion will be enacted either this year or on a retroactive basis early next year. We expect that any such legislation would include a direct pay option.
