30% Tax Credit for Major Power Grid Upgrades to Boost Reliability.
This bill establishes a 30% tax credit for companies that invest in building or upgrading major, long-distance electric power transmission lines. The primary goal is to strengthen the national electric grid, ensuring more reliable power delivery and reducing the risk of widespread outages, especially during severe weather or natural disasters. Citizens benefit from a more secure and stable energy supply.
Key points
A 30% tax credit is offered for investments in new, regionally significant power transmission lines (crossing at least two states or 150 miles).
The measure aims to enhance grid resilience, helping communities recover faster from disruptions caused by weather events or wildfires.
The credit also covers advanced technologies designed to increase the capacity and efficiency of existing power infrastructure.
Status:
Expired
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