Introduced in Senate
S 5453 - 119Grid Resiliency Tax Credit Act
Read twice and referred to the Committee on Finance.
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Read twice and referred to the Committee on Finance.
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benefits ility to weather storms and wildfire by enabling access to financial support for grid resilience measures; (C) promote economic benefits and create new jobs in communities across the country; and (D) enhance electric grid reliabili
benefits oss the country; (B) increase the electric grid’s ability to weather storms and wildfire by enabling access to financial support for grid resilience measures; (C) promote economic benefits and create new jobs in communities across
is amended by SEC. 3. ESTABLISHMENT OF ELECTRIC POWER TRANSMISSION LINE CREDIT. (a) In General.--Subpart E of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after
section 48F(c)), and (2) in subparagraph (B)— (A) by inserting or qualified electric power transmission line after each energy storage technology, and (B) by inserting or the qualified electric power transmission line after the energy stora
Internal Revenue Code serting or the qualified electric power transmission line after the energy storage technology. (c) Elective payment and transfer of credit (1) Elective payment Section 6417 of the Internal Revenue Code of 1986 is amend
is amended by SEC. 3. ESTABLISHMENT OF ELECTRIC POWER TRANSMISSION LINE CREDIT. (a) In General.--Subpart E of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after
, and (2) in subparagraph (B)— (A) by inserting or qualified electric power transmission line after each energy storage technology, and (B) by inserting or the qualified electric power transmission line after the energy storage technology.
Internal Revenue Code serting or the qualified electric power transmission line after the energy storage technology. (c) Elective payment and transfer of credit (1) Elective payment Section 6417 of the Internal Revenue Code of 1986 is amend
itle This Act may be cited as the Grid Resiliency Tax Credit Act. 2. Findings Congress finds the following: (1) A robust electric power transmission system is critical to the economic, energy, and national security of the United States. (2)
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Summary
Sponsors
![Sen. Heinrich, Martin [D-NM]](https://www.congress.gov/img/member/h001046_200.jpg)