CONGRESS FOR VOTERS

Pat Harrigan (R-NC)

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

H.R. 8482 · House bill Taxation

A Republican bill with 3 Democratic cosponsors · See all 12 cosponsors

Last activity — Referred to the House Committee on Ways and Means.

In committee

Introduced and handed to a committee in the chamber it started in.

The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.

Its path through Congress

  1. Introduced
  2. In Committee

What this bill would do

This bill aims to amend the Internal Revenue Code of 1986 regarding investment credit rules for nuclear facilities. It proposes changes to how these facilities are treated in relation to public utility property limitations. Specifically, it seeks to remove certain progress expenditures limitations for qualified facilities that use nuclear energy to produce electricity. These changes would apply to taxable years starting after December 31, 2026.

Yes· 3 of 6

  • Scored +4

    Would business owners be better off under this?

    The bill provides tax advantages for businesses operating nuclear energy facilities.

  • Scored +4

    Does this put more money into wind, solar and other renewable power?

    The bill incentivizes investment in nuclear energy by removing certain progress expenditure limitations.

  • Scored +3

    Does this cut the tax on profits from selling investments?

    The bill modifies investment credit rules which can enhance the after-tax returns on energy investments.

The opposite

No question was scored the opposite.