Nuclear production tax credit bill | KPMG | US
Share with your friends

Ways and Means reports out nuclear production tax credit bill

Nuclear production tax credit bill

The Ways and Means Committee of the U.S. House of Representatives today reported by “voice vote” H.R. 1551—legislation that would modify the tax credit for production from advanced nuclear power facilities. A chairman’s amendment in the nature of a substitute was also passed.


Related content

Today’s action cleared the way for the bill to be sent to the full House.

The Joint Committee on Taxation (JCT) released a description of the bill and a description of the chairman’s amendment in the nature of a substitute. As explained by the JCT, among the proposals are measures that would modify the national megawatt capacity limitation for the advanced nuclear power production credit, and that would allow qualified public entities to elect to forgo credits to which they otherwise would be entitled in favor of an eligible project partner. H.R. 1551 would modify the effective date for the transfer of credits by certain public entities to tax years beginning after the date of enactment of the bill.


  • Read text of H.R. 1551 [PDF 247 KB]

  • Read the JCT description of H.R. 1551: JCX-28-17

  • Read the JCT description of the chairman’s amendment in the nature of a substitute: JCX-29-17

© 2018 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Request for proposal