arrow_back Back to App

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
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_S_1016
Sponsor: Sen. Heinrich, Martin [D-NM]
Process start date: 2021-03-25
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

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_S_1016.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-03-25.

What are the main provisions?

Key points include:

  • 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.
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 Sen. Heinrich, Martin [D-NM].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Taxes Public Investments Environment