This bill changes parts of the Internal Revenue Code about investment tax credits for certain nuclear power facilities. It allows an election to remove the "public utility property" limitation for a "qualified facility (as defined in section 48E(b)(3)(A)) which uses nuclear energy to produce electricity." It updates section 50(d)(2) and section 50(d)(2)(B) to include that qualified nuclear facility language. The bill also amends section 6418(g)(4) so the progress expenditures limitation does not apply to eligible credits determined for those qualified nuclear facilities. The changes apply to taxable years beginning after December 31, 2026. The bill was introduced in the House and referred to the Committee on Ways and Means.
No publicly available information on cost estimates, budget effects, or revenue impacts is included with the bill text. The bill text does not include an official cost or scoring statement.
No publicly available information on proponents' public statements or detailed rationale is included in the bill text. The bill was sponsored by Members of the House of Representatives.
No publicly available information on opponents' views or formal objections is included in the bill text.