Sponsors (13)
The bill makes nuclear projects cheaper and faster to finance—potentially strengthening grid reliability and clean baseload capacity—but does so at the cost of federal revenue, possible crowding out of other clean technologies, and added administrative burdens.
Owners/operators of qualified nuclear plants (utilities and energy companies) can claim investment tax credits without the 'public utility property' restriction and exclude those credits from the progress-expenditure rule, lowering project costs and improving construction cash flow and overall project finance viability.
Middle-class families and communities (urban and rural) benefit from incentives that are likely to accelerate new nuclear capacity, supporting grid reliability and a low-carbon electricity supply.
Taxpayers may face higher federal revenue costs if expanded nuclear tax credits reduce receipts or increase government outlays.
Renewable energy developers (wind, solar) and related utilities may be disadvantaged because directing limited tax-credit incentives toward nuclear could divert support from other clean technologies and slow their deployment.
Treasury/IRS and taxpayers will face added administrative complexity as agencies must implement new elections and adjust credit administration, increasing compliance and guidance burdens.
Based on analysis of 1 section of legislative text.
Eases investment tax credit eligibility and exempts certain nuclear electricity facilities from the progress-expenditure rule, effective for tax years after 2026.
Official title: To amend the Internal Revenue Code of 1986 to modify certain investment credit rules with respect to nuclear facilities.
Introduced April 23, 2026 by Pat Harrigan · Last progress April 23, 2026
Allows certain nuclear electricity-producing facilities to get broader access to the federal investment tax credit by removing a restriction that limited eligibility to "public utility property" when the taxpayer elects to do so, and exempts these qualified nuclear projects from the progress-expenditure rule for certain credits. The change applies to taxable years beginning after December 31, 2026, making it easier for qualifying nuclear power projects to claim investment-related tax credits and to treat construction spending for credit purposes more favorably.