[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9201 Introduced in House (IH)]

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118th CONGRESS
  2d Session
                                H. R. 9201

 To amend the Internal Revenue Code of 1986 to make the re-equipping, 
   expansion, or establishment of certain facilities relating to the 
production or reprocessing of critical minerals, including uranium and 
   spent nuclear fuel, to include uranium as an applicable critical 
 mineral for purposes of the advanced manufacturing production credit, 
                        and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 30, 2024

  Mr. Donalds (for himself, Mr. Nehls, and Mr. Williams of New York) 
 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 the re-equipping, 
   expansion, or establishment of certain facilities relating to the 
production or reprocessing of critical minerals, including uranium and 
   spent nuclear fuel, to include uranium as an applicable critical 
 mineral for purposes of the advanced manufacturing production credit, 
                        and for other purposes.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Nuclear USA Act of 2024''.

SEC. 2. URANIUM CONVERSION, URANIUM ENRICHMENT AND REPROCESSING SPENT 
              NUCLEAR FUEL INCLUDED AS QUALIFYING ADVANCED ENERGY 
              PROJECT.

    (a) In General.--Section 48C(c)(1)(A)(iii) of the Internal Revenue 
Code of 1986 is amended to read as follows:
                            ``(iii) which re-equips, expands, or 
                        establishes an industrial facility for--
                                    ``(I) the processing, refining, or 
                                reprocessing of critical materials,
                                    ``(II) the production, conversion, 
                                or enrichment of uranium,
                                    ``(III) the fabrication of nuclear 
                                fuel, or
                                    ``(IV) the reprocessing of spent 
                                nuclear fuel.''.
    (b) Critical Material Defined.--Section 48C(c) is amended by adding 
at the end the following new paragraph:
            ``(3) Critical material.--For purposes of this paragraph, 
        the term `critical material' means--
                    ``(A) a critical material (as defined in section 
                7002(a) of the Energy Act of 2020), and
                    ``(B) uranium, including natural, converted, and 
                enriched uranium.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to property placed in service after the date of the enactment of 
this Act.

SEC. 3. URANIUM AS APPLICABLE CRITICAL MINERAL FOR PURPOSES OF ADVANCED 
              MANUFACTURING PRODUCTION CREDIT.

    (a) In General.--Section 45X(c)(6) of the Internal Revenue Code of 
1986 is amended by redesignating subparagraphs (X) through (Z) as 
subparagraphs (Y) through (AA), respectively, and by inserting after 
subparagraph (W) the following new subparagraph:
                    ``(X) Uranium.''.
    (b) Allow Double Benefit.--Section 45X(c)(1)(B) of such Code is 
amended by inserting ``after the date which is 10 years after the date 
of the enactment of the Nuclear USA Act of 2024'' after ``a facility''.
    (c) Effective Date.--The amendments made by this section shall 
apply to components produced after the date of the enactment of this 
Act.
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