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Adds distribution transformers to the existing advanced manufacturing production tax credit (Internal Revenue Code section 45X). The bill creates a new 10% production tax credit for the costs a taxpayer incurs to produce a distribution transformer (as defined by the Energy Policy and Conservation Act). The credit applies to distribution transformer components produced and sold beginning 90 days after enactment.
Read twice and referred to the Committee on Finance.
Introduced February 6, 2025 by Jerry Moran · Last progress February 6, 2025
CIRCUIT Act