Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and Science, Space, and Technology, for a period to be subsequently determin…
The bill imposes a federal excise tax of $0.01 per kilowatt-hour on electricity used by data centers with peak load over 1 megawatt. It defines "data center," creates a new tax provision, and directs revenue in five equal shares to: the Land and Water Conservation Fund, the Housing Trust Fund, the Superfund, the Highway Trust Fund, and a new Energy Technology Trust Fund.
Liberals emphasize conservation, housing, cleanup, and climate funding benefits.
Relative to its intended legislative type, this bill clearly creates a new excise tax with defined rate, a minimal definitional threshold, and explicit statutory revenue-allocation instructions integrated into the Internal Revenue Code.
The bill imposes a federal excise tax of $0.01 per kilowatt-hour on electricity used by data centers with peak load over 1 megawatt.
It defines "data center," creates a new tax provision, and directs revenue in five equal shares to: the Land and Water Conservation Fund, the Housing Trust Fund, the Superfund, the Highway Trust Fund, and a new Energy Technology Trust Fund.
The Energy Technology Trust Fund will support Title XVII loan guarantees.
Substantive new excise tax on a concentrated industry plus vague implementation lowers prospects despite broad beneficiary appeal.
Relative to its intended legislative type, this bill clearly creates a new excise tax with defined rate, a minimal definitional threshold, and explicit statutory revenue-allocation instructions integrated into the Internal Revenue Code. It includes administrative elements such as creation of a trust fund and clerical amendments to the Code.
Liberals emphasize conservation, housing, cleanup, and climate funding benefits.
These are examples from the analysis, not a ranked list of the most-affected groups.
Liberals emphasize conservation, housing, cleanup, and climate funding benefits.
Overall supportive.
The bill raises dedicated revenue for conservation, affordable housing, cleanup, and clean energy finance.
It aligns with climate and community reinvestment priorities while targeting a large electricity consumer sector.
Cautiously favorable but pragmatic.
The bill generates earmarked revenue for broadly popular programs, but raises concerns about economic impacts on the tech sector and implementation complexity.
Would want revenue estimates and administrative clarity.
Likely opposed.
Views it as a new targeted business tax raising energy costs, harming competitiveness, and expanding federal earmarks.
Prefers market-based solutions and state-level policies instead.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Substantive new excise tax on a concentrated industry plus vague implementation lowers prospects despite broad beneficiary appeal.
The bill has not accumulated any surfaced votes yet.
Liberals emphasize conservation, housing, cleanup, and climate funding benefits.
Substantive new excise tax on a concentrated industry plus vague implementation lowers prospects despite broad beneficiary appeal.
Relative to its intended legislative type, this bill clearly creates a new excise tax with defined rate, a minimal definitional threshold, and explicit statutory revenue-allocation instructions integrated into the Inter…
Go beyond the headline summary with full stakeholder mapping, legislative design analysis, passage barriers, and lens-by-lens tradeoff breakdowns.