To amend the Internal Revenue Code of 1986 to modify certain investment credit rules with respect to nuclear facilities.
Sponsored By: Representative Harrigan, Pat [R-NC-10]
Introduced
Summary
Expands investment tax credit eligibility for nuclear power and linked energy storage.
Show full summary
It would let qualified nuclear facilities that use nuclear energy to produce electricity and related energy storage technologies elect to remove the public utility property limitation and would clarify that a rule on progress expenditures does not apply to eligible credits for those facilities, with effect for taxable years beginning after December 31, 2026.
- Nuclear facility developers and owners: Could elect to remove the public utility property limitation for qualified facilities that use nuclear energy to produce electricity, changing how the investment tax credit applies.
- Energy storage project developers: The same election would apply to related energy storage technologies connected to those qualified facilities.
- Taxpayers claiming eligible credits: Adds that the provision in section 6418(g)(4) does not apply to eligible credits determined with respect to qualified nuclear facilities that use nuclear energy to produce electricity.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Tax credit changes for nuclear investors
Owners or investors in qualified nuclear electricity facilities would be able to elect to remove the public utility property limit when claiming the investment tax credit. The same election would apply to related energy storage technologies. The bill would also prevent the progress-expenditures rule from blocking eligible credits for those nuclear facilities. These changes would apply to taxable years beginning after December 31, 2026. The bill would not change the credit rate or dollar amounts.
Sponsors & CoSponsors
Sponsor
Harrigan, Pat [R-NC-10]
NC • R
Cosponsors
Rep. Panetta, Jimmy [D-CA-19]
CA • D
Sponsored 4/23/2026
Rep. Murphy, Gregory F. [R-NC-3]
NC • R
Sponsored 4/23/2026
Rep. Suozzi, Thomas R. [D-NY-3]
NY • D
Sponsored 4/23/2026
Haridopolos
FL • R
Sponsored 4/23/2026
Rep. Fry, Russell [R-SC-7]
SC • R
Sponsored 4/30/2026
Jack
GA • R
Sponsored 5/11/2026
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov