To amend the Internal Revenue Code of 1986 to modify certain investment credit rules with respect to nuclear facilities.

Q: What does Preamble of To amend the Internal Revenue Code of 1986 to modify certain investment credit rules with respect to nuclear facilities. do?

This bill proposes to amend the Internal Revenue Code of 1986. The proposed amendment concerns modifications to certain investment credit rules. The focus of these modifications is with respect to nuclear facilities.

Q: What does MODIFICATION OF CERTAIN INVESTMENT CREDIT RULES WITH RESPECT of To amend the Internal Revenue Code of 1986 to modify certain investment credit rules with respect to nuclear facilities. do?

This section modifies investment credit rules related to nuclear facilities. It amends Section 50(d)(2) of the Internal Revenue Code of 1986 to allow the public utility property limitation to apply to qualified facilities using nuclear energy. It also amends Section 50(d)(2)(B) of the Internal Revenue Code of 1986 to include 'qualified facility or' before 'energy storage technology'. Section 6418(g)(4) of the Internal Revenue Code is amended to remove the progress expenditures limitation for eligible credits related to qualified facilities using nuclear energy. These amendments apply to taxable years beginning after December 31, 2026.

Last updated: 4/23/2026 · Introduced: 4/23/2026

Author: Pat Harrigan (R-NC)

TL;DR (AI)

The bill extends the public utility property limitation to qualified nuclear facilities under the investment credit.
It expands eligible technologies for investment credits to include qualified facilities utilizing nuclear energy and energy storage technology.
The bill removes progress expenditure limitations for investment credits related to qualified nuclear facilities, applying to years after 2026.

119th Congressin committeeOfficial page

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Includes provisions on preamble, modification of certain investment credit rules with respect.

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