summary
Introduced
06/21/2021
06/21/2021
In Committee
06/21/2021
06/21/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To amend the Internal Revenue Code of 1986 to establish a tax credit for production of electricity using nuclear power.
AI Summary
This bill establishes a tax credit for the production of electricity using nuclear power. The credit, known as the "zero-emission nuclear power production credit," will be worth 1.5 cents per kilowatt-hour of electricity produced and sold by a qualified nuclear power facility, subject to certain reductions based on the facility's gross receipts. The bill also requires that contractors and subcontractors engaged in the construction, alteration, or repair of any applicable project (such as facilities eligible for the credit) ensure that at least 15% of the total labor hours be performed by qualified apprentices, with some exceptions. The credit is set to expire for taxable years beginning after December 31, 2030.
Committee Categories
Budget and Finance
Sponsors (23)
Bill Pascrell (D)*,
Brendan Boyle (D),
Anthony Brown (D),
Cheri Bustos (D),
Joe Courtney (D),
Danny Davis (D),
Byron Donalds (R),
Michael Doyle (D),
Brian Fitzpatrick (R),
Andrew Garbarino (R),
Josh Gottheimer (D),
Jahana Hayes (D),
John Katko (R),
Adam Kinzinger (R),
Raja Krishnamoorthi (D),
Conor Lamb (D),
James Langevin (D),
Dan Meuser (R),
Donald Norcross (D),
Dutch Ruppersberger (D),
Bobby Rush (D),
Albio Sires (D),
Tom Suozzi (D),
Last Action
Referred to the House Committee on Ways and Means. (on 06/21/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/house-bill/4024/all-info |
| BillText | https://www.congress.gov/117/bills/hr4024/BILLS-117hr4024ih.pdf |
| Bill | https://www.congress.gov/117/bills/hr4024/BILLS-117hr4024ih.pdf.pdf |
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