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House Committee Approves Nuclear Production Tax Credit Extension
21 September 2016
Today, the U.S. House of Representatives Ways & Means Committee approved H.R. 5879, a bill to extend the production tax credit for new nuclear power plants.
It would remove any deadline on awarding the 6,000 MW of nuclear capacity available under the tax credit. The Committee commented that the bill “ensures the effective operation of the tax credit for nuclear energy production.” From here H.R. 5879 will continue to move through the legislative process, hopefully soon to the House floor. The text of the bill as provided by the Committee can be found here.
Authored by Amy Roma and Sachin Desai.
Washington, D.C.
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