Fusion Advanced Manufacturing Parity Act
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
This bill, the Fusion Advanced Manufacturing Parity Act, amends the Internal Revenue Code to expand the existing advanced manufacturing production credit to include components used in fusion energy machines. Specifically, it defines ‘fusion energy component’ broadly, encompassing various parts and systems needed for fusion energy production, and introduces a phased-out credit for these components starting in 2032. The bill also clarifies the definition of a ‘fusion energy machine’ and lists specific materials and components considered part of the credit.
Key provisions
- Expands the advanced manufacturing production credit to include ‘fusion energy components’.
- Defines ‘fusion energy component’ broadly, covering items like magnets, vacuum vessels, and fuel processing systems.
- Introduces a phased-out credit for fusion energy components, starting at 75% in 2032 and decreasing to 0% by 2034.
- Clarifies the definition of a ‘fusion energy machine’.
- Lists specific materials (e.g., tungsten, vanadium, deuterium, tritium) eligible for the credit.
- Includes beryllium hydroxide and beryllium fluoride as eligible materials.
- Amends the definition of ‘high-voltage capacitor’ to include associated circuit components.
- Adds Boron and Copper chromium zirconium alloys to the list of eligible materials.
Who is affected
- Manufacturers of fusion energy components
- Companies involved in the development and construction of fusion energy machines
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