arrow_back Civic Audit
Share share

Tax Credit for Electric Power Transmission Line Installation

This new law introduces a tax credit for companies that build regionally significant electric power transmission lines. The goal is to encourage investment in energy infrastructure, which could lead to more stable power supplies and potentially lower energy costs for citizens in the long run.
Key points
Companies building new electric power transmission lines can receive a tax credit equal to 30% of their investment costs.
The credit applies to high-voltage (min. 275 kilovolts) and high-capacity (min. 500 megawatts) lines that deliver power from rural or offshore areas.
The aim is to strengthen the power grid, potentially leading to more reliable electricity supply and lower energy bills.
These provisions apply to properties placed in service after December 31, 2021, and before December 31, 2031.
article Official text account_balance Process page notifications_active Track this Bill
gavel
Status:
Expired
Record your position for audit.
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens (explained here). Start recording it now.
Additional Information
Print number: 117_S_1016
Sponsor: Sen. Heinrich, Martin [D-NM]
Process start date: 2021-03-25