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Tax Credit for Electric Power Transmission Line Construction and Modernization

This act introduces a new tax credit for companies investing in the construction and modernization of critical electric power transmission lines. The goal is to strengthen the energy grid, increase its resilience to disruptions, and enhance national energy security, potentially leading to more stable electricity supply for citizens and lower energy costs in the long run.
Key points
Companies building new, long-distance transmission lines or upgrading existing ones to increase capacity will receive a 30% tax credit on their qualified investments.
These investments aim to improve electricity supply reliability, enhance grid resilience against extreme weather and natural disasters, and foster economic benefits and job creation.
The credit also applies to grid-enhancing technologies, such as advanced conductors and power flow control systems, contributing to a more stable and efficient overall energy system.
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Additional Information
Print number: 118_HR_5803
Sponsor: Rep. Horsford, Steven [D-NV-4]
Process start date: 2023-09-28
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Grid Resiliency Tax Credit Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_5803.

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 2023-09-28.

What are the main provisions?

Key points include:

  • Companies building new, long-distance transmission lines or upgrading existing ones to increase capacity will receive a 30% tax credit on their qualified investments.
  • These investments aim to improve electricity supply reliability, enhance grid resilience against extreme weather and natural disasters, and foster economic benefits and job creation.
  • The credit also applies to grid-enhancing technologies, such as advanced conductors and power flow control systems, contributing to a more stable and efficient overall energy system.
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 2025-12-25.

CATEGORIES

Taxes Public Investments Economy