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Zero-Emission Nuclear Power Production Credit Act of 2021
3/8/2023, 8:12 PM
Congressional Summary of S 2291
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.
Read the Full Bill
Current Status of Bill S 2291
Bill S 2291 is currently in the status of Bill Introduced since June 24, 2021. Bill S 2291 was introduced during Congress 117 and was introduced to the Senate on June 24, 2021. Bill S 2291's most recent activity was Read twice and referred to the Committee on Finance. as of June 24, 2021
Bipartisan Support of Bill S 2291
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
8Democrat Cosponsors
7Republican Cosponsors
0Unaffiliated Cosponsors
1Policy Area and Potential Impact of Bill S 2291
Primary Policy Focus
TaxationAlternate Title(s) of Bill S 2291
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
Zero-Emission Nuclear Power Production Credit Act of 2021
Comments
Sponsors and Cosponsors of S 2291
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