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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Progress
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- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill establishes the Fusion Energy and Technology Incentive Program within the Economic Development Authority (EDA) to encourage the use of existing power plants for developing fusion energy and technology facilities. 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 at power plants. The bill also updates existing law to clarify definitions and streamline the incentive process.
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