This bill would add distribution transformers to the list of products that qualify for an existing federal manufacturing tax credit. Manufacturers could claim a credit equal to 10% of the costs they spend to produce these transformers, as defined in federal energy law .
The change would start 90 days after the bill becomes law and would apply to transformers produced and sold after that date .
Last progress February 6, 2025 (10 months ago)
Introduced on February 6, 2025 by Jerry Moran
Read twice and referred to the Committee on Finance.