0
0

To amend the Internal Revenue Code of 1986 to modify the credit for production from advanced nuclear power facilities.

4/7/2025, 3:20 PM

Summary of Bill HR 5879

Bill 114 hr 5879, also known as the "Advanced Nuclear Production Tax Credit Modification Act," aims to make changes to the current tax credit for production from advanced nuclear power facilities as outlined in the Internal Revenue Code of 1986.

The bill proposes modifications to the existing tax credit in order to incentivize and support the production of nuclear power from advanced facilities. This includes adjustments to the eligibility criteria and calculation of the tax credit, with the goal of encouraging investment in advanced nuclear technology.

The specific details of the modifications are not explicitly outlined in the summary, but it can be inferred that the changes are intended to make the tax credit more accessible and beneficial for companies and organizations involved in the production of nuclear power from advanced facilities. Overall, the bill seeks to promote the development and utilization of advanced nuclear power technology through adjustments to the tax credit system, ultimately aiming to support the growth of clean and efficient energy sources in the United States.

Current Status of Bill HR 5879

Bill HR 5879 is currently in the status of Bill Introduced since July 14, 2016. Bill HR 5879 was introduced during Congress 114 and was introduced to the House on July 14, 2016.  Bill HR 5879's most recent activity was Placed on the Union Calendar, Calendar No. 676. as of December 8, 2016

Bipartisan Support of Bill HR 5879

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 5879

Primary Policy Focus

Taxation

Comments