SB5641: Opportunities for Nuclear Energy Investment Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
A bill to amend the Internal Revenue Code of 1986 to expand the meaning and eligibility of energy communities for purposes of the increased renewable electricity production and increased clean electricity investment credit rates, and for other purposes.
Plain-language summary
This bill would expand which communities qualify as 'energy communities' under federal tax credit rules. Energy communities are areas that have historically relied on coal, oil, or gas industries. The bill would let these communities access higher tax credits for clean electricity projects, including nuclear energy. Currently, the bill is in the early stage after being introduced in Congress.
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SB5641: Opportunities for Nuclear Energy Investment Act