[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2488 Introduced in House (IH)]

<DOC>






118th CONGRESS
  1st Session
                                H. R. 2488

  To amend the Internal Revenue Code of 1986 to make advanced nuclear 
 facilities eligible for the qualifying advanced energy project credit.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 6, 2023

 Mr. Donalds introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
  To amend the Internal Revenue Code of 1986 to make advanced nuclear 
 facilities eligible for the qualifying advanced energy project credit.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. ADVANCED NUCLEAR FACILITIES MADE ELIGIBLE FOR QUALIFYING 
              ADVANCED ENERGY PROJECT CREDIT.

    (a) In General.--Section 48C(c)(1)(A) of the Internal Revenue Code 
of 1986 is amended by striking ``or'' at the end of clause (ii), by 
striking the period at the end of clause (iii) and inserting ``, or'', 
and by adding at the end the following new clause:
                            ``(iv) which consists of an advanced 
                        nuclear facility (as defined in section 
                        45J(d)(2)).''.
    (b) Clarification of Continuation of Authority To Treat Other 
Nuclear Facilities as Qualifying.--Section 48C(c)(1)(A)(i)(VII) of such 
Code is amended by inserting ``, including nuclear energy technology,'' 
after ``greenhouse gas emissions''.
    (c) Conforming Amendment.--Section 48C(c)(2)(A) of such Code is 
amended by striking ``or'' at the end of clause (ii), by inserting 
``or'' at the end of clause (iii), and by inserting after clause (iii) 
the following new clause:
                            ``(iv) a facility described in clause (iv) 
                        of such paragraph,''.
    (d) Effective Date.--The amendments made by this section shall 
apply to taxable years ending after the date of the enactment of this 
Act.
                                 <all>