S 1793
Grid Resiliency Tax Credit
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill creates a tax credit for investments in new or upgraded electric power transmission lines that are considered ‘regionally significant.’ These lines must either span at least two states or 150 continuous miles, or connect to the Outer Continental Shelf. The credit is 30% of the qualified investment, and it applies to new lines using advanced conductor technology or superconducting lines, as well as modifications to existing lines that increase capacity by 500 megawatts or more. The bill also expands the definition of ‘public utility property’ to include qualifying transmission line property and clarifies the application of credits.
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