To amend the Internal Revenue Code of 1986 to expand the meaning and eligibility of energy communities for purposes of the increased renewable electricity production and increased clean electricity investment credit rates.

This legislative proposal seeks to amend the Internal Revenue Code of 1986, primarily to broaden the definition and eligibility of "energy communities" for specific federal tax incentives. The core objective is to make more geographic areas qualify for increased tax credit rates related to clean energy projects, thereby encouraging investment and production in these regions. Specifically, the bill modifies Section 45(b)(11)(B)(iv) to include non-metropolitan statistical areas within the scope of energy communities for the increased renewable electricity production credit. Additionally, it amends Section 48E(a)(3)(A)(i) by striking certain exclusionary language, further adjusting the criteria for the increased clean electricity investment credit, with both amendments taking effect retroactively as if included in Public Law 119-21.