Opportunities for Nuclear Energy Investment Act

This bill changes federal tax law on energy credits. It defines a "nuclear community" as an area where at least 0.17 percent of jobs (at any time after 2009) are tied to advanced nuclear power, including nuclear facilities, research, fuel production, component manufacturing, and facility construction. Advanced nuclear facilities in these areas would qualify for the higher energy community credit rates for both the electricity production credit and the clean electricity investment credit. A facility that starts construction in a qualifying area would keep that status for 10 years after it begins operating. The bill also adds distribution transformers and large power transformers to the advanced manufacturing production credit, at 10 percent of production costs.

Full text and official record on Congress.gov

Sponsors

• Tim Scott Republican sponsor
• 0 cosponsors