Grid Resiliency Tax Credit Act
The Grid Resiliency Tax Credit Act creates a 30% federal tax credit for companies building or significantly upgrading electric transmission lines that meet specific resilience and capacity standards. It directly affects utility companies and transmission developers investing in new lines (crossing at least two states or 150 miles long) or modifications that increase existing line capacity by 500 megawatts or more. To qualify, projects must use advanced conductors or superconducting technology, transmit at minimum voltage levels (100 kV for new lines, 345 kV for others), and serve purposes like disaster resilience or grid reliability. The credit applies to property placed in service after December 31, 2023, and expires for projects starting after 2033.
Bill status
in committee
1 of 4 stages cleared
Introduction
Sep 2023
Committee Review
Floor Vote
President
Introduced Sep 28, 2023
Last action Sep 28, 2023
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How they voted
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Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Sep 28, 2023
Committee
Referred to the House Committee on Ways and Means.
lower
Sep 28, 2023
Introduced
Introduced in House
lower
1 primary · 1 co-sponsor
Sponsors
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