California Moves to Give Clean Energy Tax Break as Credits End

As the Trump administration ends federal tax credits for clean energy projects, California’s legislature has approved a measure to exclude developers who still receive those awards from state tax.

The bill, S.B. 302, passed the assembly 79-0 on Wednesday before being given final approval by the state senate on Thursday. It first passed the senate 38-0 in May.

The impact of the bill is uncertain. It would allow companies earning federal renewable energy credits and payments awarded under the Biden-era Inflation Reduction Act to exclude them from California income tax. President Donald Trump’s recently enacted GOP tax law sunsets ...