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Tax Credit Expansion for Advanced Manufacturing of Fusion Energy Components.

This Act expands the existing advanced manufacturing production tax credit to include components used in fusion energy technology. Companies producing key parts for fusion energy machines will receive a significant financial incentive, equal to 25% of the sales price of the component, to accelerate the development of this technology. While not directly impacting citizens' daily finances, this supports the growth of clean energy, potentially leading to more stable and affordable power sources in the future.
Key points
New Tax Credit: Manufacturers of fusion energy components will receive a tax credit equal to 25% of the sales price of those components.
Support for Clean Energy: The law aims to stimulate domestic production of advanced energy technologies, including superconducting magnets, plasma chambers, and heating systems.
Phase-Out Schedule: The tax credit for fusion components will be gradually phased out, starting in 2032, until it is completely eliminated after 2034.
Effective Date: The amendments 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_S_3088
Sponsor: Sen. Curtis, John R. [R-UT]
Process start date: 2025-10-30
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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_S_3088.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-10-30.

What are the main provisions?

Key points include:

  • New Tax Credit: Manufacturers of fusion energy components will receive a tax credit equal to 25% of the sales price of those components.
  • Support for Clean Energy: The law aims to stimulate domestic production of advanced energy technologies, including superconducting magnets, plasma chambers, and heating systems.
  • Phase-Out Schedule: The tax credit for fusion components will be gradually phased out, starting in 2032, until it is completely eliminated after 2034.
  • Effective Date: The amendments 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 Sen. Curtis, John R. [R-UT].

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 2025-12-31.

CATEGORIES

Taxes Environment Economy