A bill to amend the Internal Revenue Code of 1986 to establish a tax credit for production of electricity using nuclear power.
Zero-Emission Nuclear Power Production Credit Act of 2021
This bill allows a new business-related tax credit through 2031 for the production of electricity from zero-emission nuclear power. It also allows an election for direct payments of such credit and requires a recapture of the credit for contractors who pay their laborers or mechanics less than the prevailing wage rate.
Contractors must ensure that at least 15% of their work force is composed of qualified apprentices.
The bill requires the Government Accountability Office to report on the effectiveness the tax credit.
Referred to the House Committee on Ways and Means.
Became Public Law No: 117-169.
Introduced in Senate
Read twice and referred to the Committee on Finance.
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