Bill > S3088

This bill amends the Internal Revenue Code to expand the advanced manufacturing production credit to include fusion energy components, creating a new tax incentive for manufacturers of specialized equipment used in fusion energy development. The bill defines a comprehensive list of over 20 specific fusion energy components, such as high-temperature superconducting magnets, fusion chambers, plasma vacuum vessels, and various electrical and mechanical systems essential to fusion energy machines. The tax credit will provide manufacturers with 25% of the sales price for these components, with a gradual phase-out of the credit between 2032 and 2034. The legislation specifically defines a "fusion energy machine" as a device used for producing electricity or process heat through fusion reactions, and provides detailed technical definitions for each type of qualifying component. The bill aims to support the emerging fusion energy sector by offering financial incentives for domestic manufacturing of advanced fusion technology components, with the credit becoming effective for components produced and sold after December 31, 2025.

Budget and Finance

https://www.congress.gov/bill/119th-congress/senate-bill/3088/all-info