CPA Warns Senate Bill Contains Dangerous “Loophole” Benefiting China’s Solar Industry

CPA Warns Senate Bill Contains Dangerous “Loophole” Benefiting China’s Solar Industry

CPA warned that the Senate version of President Trump’s reconciliation bill—known as the One Big Beautiful Bill—contains a critical loophole in both the Section 48E investment tax credit and 45Y production tax credit in the Inflation Reduction Act (IRA), creating an unintended but dangerous giveaway to China’s solar industry.