To amend the Internal Revenue Code of 1986 to modify certain investment credit rules with respect to nuclear facilities.

This bill changes federal tax rules for the investment tax credit as it applies to nuclear power plants that produce electricity. It would let nuclear facilities choose to opt out of a tax rule that limits how the credit works for regulated public utility property, an option current law already gives energy storage projects. It would also remove a limit tied to 'progress expenditures,' which are costs paid while a plant is still being built. That limit currently affects how much of the credit can be transferred to another taxpayer. The changes would apply to tax years beginning after December 31, 2026.

Full text and official record on Congress.gov

Sponsors

• Pat Harrigan Republican sponsor
• 12 cosponsors