This bill would expand an existing federal tax credit for advanced manufacturing to cover distribution transformers. It adds these transformers to the list of eligible components and lets manufacturers claim a credit equal to 10% of their costs to produce them. A “distribution transformer” uses the same definition as in federal energy law.

Key points:

• Who is affected: Companies that manufacture distribution transformers.
• What changes: A new 10% production cost tax credit for these transformers under the advanced manufacturing credit.
• When: Applies to components produced and sold starting 90 days after the bill becomes law.