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Tax Credits for Fusion Energy Component Manufacturing

This act introduces new tax credits for companies manufacturing fusion energy components. The goal is to support the development of this technology in the United States, potentially leading to new job creation and future energy independence. Citizens may experience indirect benefits from the advancement of clean energy sources.
Key points
Companies producing components for fusion energy machines will receive a tax credit equal to 25% of the sales price of these components.
The credit will be gradually phased out for components sold after December 31, 2031, and fully eliminated after 2034.
The act specifies which components (e.g., superconducting magnets, fusion chambers, cooling systems) qualify for the credit, supporting a wide range of innovations.
These changes apply to components produced and sold after December 31, 2025.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_5441
Sponsor: Rep. Miller, Carol D. [R-WV-1]
Process start date: 2025-09-17
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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

Fusion Advanced Manufacturing Parity Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_5441.

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 2025-09-17.

What are the main provisions?

Key points include:

  • Companies producing components for fusion energy machines will receive a tax credit equal to 25% of the sales price of these components.
  • The credit will be gradually phased out for components sold after December 31, 2031, and fully eliminated after 2034.
  • The act specifies which components (e.g., superconducting magnets, fusion chambers, cooling systems) qualify for the credit, supporting a wide range of innovations.
  • These changes apply to components produced and sold after December 31, 2025.
What is the specific legal status?

The current status is Introduced.

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. Miller, Carol D. [R-WV-1].

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 2025-12-23.

CATEGORIES

Taxes Economy Environment