Zero-Emission Nuclear Power Production Credit Act of 2021

Hozzl · 2023-03-08T20:12:14Z

Explore the details of Senate Bill 2291 Zero-Emission Nuclear Power Production Credit Act of 2021 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

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.

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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