119 HR 8482 IH: To amend the Internal Revenue Code of 1986 to modify certain investment credit rules with respect to nuclear facilities. U.S. House of Representatives 2026-04-23 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I119th CONGRESS2d SessionH. R. 8482IN THE HOUSE OF REPRESENTATIVESApril 23, 2026Mr. Harrigan (for himself, Mr. Panetta, Mr. Murphy, Mr. Suozzi, and Mr. Haridopolos) introduced the following bill; which was referred to the Committee on Ways and MeansA BILLTo amend the Internal Revenue Code of 1986 to modify certain investment credit rules with respect to nuclear facilities.

1.

Modification of certain investment credit rules with respect to nuclear facilities

(a)

Election To remove public utility property limitation allowed for nuclear facilities

(1)

In general

Section 50(d)(2) of the Internal Revenue Code of 1986 is amended in the matter preceding subparagraph (A), by inserting to any qualified facility (as defined in section 48E(b)(3)(A)) which uses nuclear energy to produce electricity or before to any energy storage technology. (2)

Conforming amendment

Section 50(d)(2)(B) of such Code is amended by inserting qualified facility or before energy storage technology each place it appears. (b)

Removal of progress expenditures limitation for nuclear facilities

Section 6418(g)(4) of such Code is amended by adding at the end the following: The preceding sentence shall not apply with respect to any eligible credit to the extent such credit is determined with respect to any qualified facility (as defined in section 48E(b)(3)(A)) which uses nuclear energy to produce electricity.. (c)

Effective date

The amendments made by this section shall apply to taxable years beginning after December 31, 2026.