A 3971
Establishes Fusion Energy and Technology Incentive Program in EDA to encourage use of power plants for fusion energy and technology purposes; authorizes funds in Global Warming Solutions Fund to support fusion energy and technology facilities.
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Sign in to take action- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill establishes a program within the Economic Development Authority (EDA) to encourage the use of power plants for fusion energy and technology purposes. It authorizes funds from the Global Warming Solutions Fund to support these facilities. The program will provide tax credits to property owners leasing space to fusion companies and to fusion energy or technology companies operating facilities on power plant sites. The bill also amends existing legislation to clarify definitions and streamline the application process.
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