Grid Resiliency Tax Credit Act

This bill would create a new federal tax credit equal to 30 percent of what a taxpayer invests in certain electric power transmission lines and related substation equipment. To qualify, a line generally must carry at least 500 megawatts and cross a state line, connect planning regions, run offshore, or run at least 100 miles, or it must be a line of at least 230 kilovolts that connects power plants or energy storage to the grid. The credit would cover lines placed in service after December 31, 2026, and would not apply to property whose construction begins after December 31, 2036. Taxpayers could receive the credit as a direct payment or sell it to another party, and these direct payments would be exempt from automatic federal budget cuts.

Full text and official record on Congress.gov

Sponsors

• Martin Heinrich Democrat sponsor
• 0 cosponsors