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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.
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Expired
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Additional Information
Print number: 118_S_1793
Sponsor: Sen. Heinrich, Martin [D-NM]
Process start date: 2023-06-01
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Grid Resiliency Tax Credit

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_1793.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-06-01.

What are the main provisions?

Key points include:

  • 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.
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 2025-12-26.

CATEGORIES

Taxes Public Investments