Bill > HR5441

This bill amends the Internal Revenue Code to expand the advanced manufacturing production credit to include fusion energy components, providing a tax credit of 25% of the sales price for components used in fusion energy machines. The bill defines a comprehensive list of fusion energy components, including high-temperature superconducting magnets, fusion chambers, plasma vacuum vessels, blanket systems, and various specialized electrical and structural components. The tax credit will phase out gradually between 2032 and 2034, starting at 75% in 2032 and reducing to 0% by the end of 2034. The legislation covers a wide range of technical components essential to fusion energy research and development, such as high-energy lasers, plasma compression systems, high-voltage capacitors, and fuel processing equipment. The bill also makes technical adjustments to the existing tax code, expanding the types of materials eligible for the manufacturing credit, including specific elements like deuterium, helium-3, and tritium. The amendments will take effect for components produced and sold after December 31, 2025, potentially providing a significant financial incentive for domestic manufacturing of advanced fusion energy technologies.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/5441/all-info