Tax Credit for Zero-Emission Nuclear Power Production
This act introduces a new tax credit for companies producing electricity from zero-emission nuclear power facilities. The goal is to support clean energy and reduce greenhouse gas emissions, potentially impacting electricity supply stability and air quality. The act also includes requirements for prevailing wages and apprentice employment in nuclear construction.
Key points
Nuclear power producers can receive a tax credit of 1.5 cents per kilowatt-hour of electricity sold, with inflation adjustments.
The credit aims to promote zero-emission energy production, contributing to cleaner air and more stable power grids.
The act mandates that construction workers at nuclear facilities receive prevailing wages and requires the employment of qualified apprentices.
If U.S. electricity production greenhouse gas emissions fall below 50% of 2020 levels, the credit amount may be reduced.
The act applies to electricity produced and sold after December 31, 2021, and terminates after December 31, 2031.
Expired
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