Bill > S2291

This bill, the Zero-Emission Nuclear Power Production Credit Act of 2021, amends the Internal Revenue Code to establish a tax credit for the production of electricity using nuclear power. The credit is equal to 1.5 cents per kilowatt hour of electricity produced by a qualified nuclear power facility and sold to an unrelated person, subject to certain reductions based on the facility's gross receipts. The bill also includes provisions for direct payment of the credit, inflation adjustments, a phaseout of the credit based on greenhouse gas emissions, and requirements for the use of qualified apprentices in the construction, repair, and maintenance of qualified nuclear power facilities. The bill is intended to support the continued operation of existing nuclear power plants and promote the development of new nuclear power capacity to help reduce carbon emissions from the electricity sector.

Budget and Finance

https://www.congress.gov/bill/117th-congress/senate-bill/2291/all-info