S. 2291 · 117th Congress
Zero-Emission Nuclear Power Production Credit Act of 2021
- Stage
- In committee
- Sponsor
- Benjamin Cardin
- Introduced
- 2021-06-24
- Latest action
- 2021-06-24 · Introduced in Senate
Summary
Zero-Emission Nuclear Power Production Credit Act of 2021
This bill allows a new business-related tax credit through 2031 for the production of electricity from zero-emission nuclear power. It also allows an election for direct payments of such credit and requires a recapture of the credit for contractors who pay their laborers or mechanics less than the prevailing wage rate.
Contractors must ensure that at least 15% of their work force is composed of qualified apprentices.
The bill requires the Government Accountability Office to report on the effectiveness the tax credit.