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Tax Credit for Electric Power Transmission Line Construction

This act introduces a new tax credit for companies that build significant electric power transmission lines. The goal is to encourage investment in energy infrastructure, potentially leading to more stable electricity supply and better integration of renewable energy sources from rural and offshore areas.
Key points
Companies constructing new, high-capacity electric power transmission lines can receive a tax credit equal to 30% of their qualified investment.
The credit applies to lines with high voltage (min. 275 kilovolts) and high capacity (min. 500 megawatts) that deliver power from rural or offshore areas.
The aim is to improve energy infrastructure, which could lead to more reliable power supply and potentially lower energy costs in the future.
These provisions apply to properties placed in service after December 31, 2021, and expire after December 31, 2031.
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Additional Information
Print number: 117_HR_2406
Sponsor: Rep. Horsford, Steven [D-NV-4]
Process start date: 2021-04-08
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OFFICIAL LEGAL TITLE

Electric Power Infrastructure Improvement Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_2406.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-04-08.

What are the main provisions?

Key points include:

  • Companies constructing new, high-capacity electric power transmission lines can receive a tax credit equal to 30% of their qualified investment.
  • The credit applies to lines with high voltage (min. 275 kilovolts) and high capacity (min. 500 megawatts) that deliver power from rural or offshore areas.
  • The aim is to improve energy infrastructure, which could lead to more reliable power supply and potentially lower energy costs in the future.
  • These provisions apply to properties placed in service after December 31, 2021, and expire after December 31, 2031.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Horsford, Steven [D-NV-4].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Taxes Public Investments Environment