What is the official ID of this bill?
The official print number for this legislation is HR 4024.
Tax Credit for Zero-Emission Nuclear Power: Supporting Clean Energy.
This act introduces a new tax credit for nuclear power facilities that produce electricity without emissions. The goal is to support clean energy and grid stability. Citizens may indirectly benefit from more stable energy supplies and potentially cleaner air, although the direct financial impact on them is not immediately apparent.
Key points
New tax credit for zero-emission nuclear power facilities, potentially lowering their operating costs.
Requirement for contractors and subcontractors to pay prevailing wages for construction, repair, or maintenance work at nuclear facilities.
Mandatory employment of qualified apprentices for construction and repair work, potentially creating new jobs and training opportunities.
Option for direct payment of the tax credit instead of a tax deduction, which could improve cash flow for energy companies.
The act is set to expire at the end of 2030, with a possibility of earlier phase-out if U.S. electricity production greenhouse gas emissions significantly decrease.
Status:
Expired
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