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S448119th CongressWALLET

CIRCUIT Act

Sponsored By: Senator Moran, Jerry [R-KS]

Introduced

Summary

This bill would add a 10% production tax credit for distribution transformers to the existing advanced manufacturing credit. It aims to encourage U.S. production of distribution transformers by expanding section 45X to explicitly cover those items and by tying the term to the Energy Policy and Conservation Act for consistency.

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  • Manufacturers: Producers of distribution transformers could claim a credit equal to 10 percent of their production costs for each transformer they make and sell.
  • Legal clarity for taxpayers: The bill adds “distribution transformer” to the list of eligible property and defines the term by referencing section 321(35) of the Energy Policy and Conservation Act.
  • Timing: The expanded credit would apply only to components produced and sold after the date that is 90 days following enactment.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Tax credit for distribution transformer makers

If enacted, manufacturers of distribution transformers would be able to claim a production tax credit equal to 10% of their production costs. The credit would apply only to transformers produced and sold after the date that is 90 days after enactment. The bill would define "distribution transformer" by referring to the Energy Policy and Conservation Act. This would lower tax bills for transformer makers but would not directly give money to most households.

Sponsors & CoSponsors

Sponsor

Moran, Jerry [R-KS]

KS • R

Cosponsors

  • Sen. Cortez Masto, Catherine [D-NV]

    NV • D

    Sponsored 2/6/2025

Roll Call Votes

No roll call votes available for this bill.

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