Nuclear USA Act of 2024

The Nuclear USA Act of 2024 expands tax incentives for nuclear energy infrastructure by amending two key tax provisions. It adds uranium conversion, enrichment, fabrication, and spent fuel reprocessing to the list of qualifying projects under Section 48C of the tax code, directly benefiting companies building or upgrading facilities for these activities. The bill also specifically includes uranium in the advanced manufacturing credit (Section 45X), allowing companies to claim both credits for the same facility - a "double benefit" provision. These changes aim to encourage domestic investment in nuclear fuel supply chains without altering regulatory requirements or imposing new government mandates.