Tax Credits for US Nuclear Fuel Production and Recycling.
This law introduces new tax credits and production incentives for companies involved in mining, enriching, processing uranium, and recycling spent nuclear fuel. The goal is to boost domestic production of materials crucial for nuclear energy. While the changes directly affect businesses, they aim to strengthen national energy security and stabilize energy supplies.
Key points
New tax credits are available for projects involving the production, conversion, and enrichment of uranium, as well as nuclear fuel fabrication.
Uranium is officially added to the list of "applicable critical minerals" qualifying for the advanced manufacturing production credit.
Financial incentives are established for companies engaged in reprocessing spent nuclear fuel to support waste management.
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