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S 1793 United States Senate · 118th Congress

Grid Resiliency Tax Credit

This bill creates a 30% federal tax credit for companies building or significantly upgrading qualifying electric transmission lines. It directly affects utilities and transmission developers by incentivizing investments that meet specific scale and resilience criteria. Key provisions require new lines to span at least 2 states/150 miles or cross the Outer Continental Shelf, use advanced conductors (e.g., superconducting tech), or increase capacity by 500+ megawatts for modified lines. The credit applies to property placed in service after December 2023 and expires for projects starting after 2033, targeting grid expansion to improve reliability and resilience against weather events.
Issues: ✓ Budget & TaxesSupports Budget & TaxesCreates 30% tax credit for grid infrastructure, incentivizing private investment and promoting fiscal responsibility via tax policy.90% confidence ✓ EnergySupports EnergyCreates 30% tax credit for transmission infrastructure upgrades using advanced conductors and cross-state lines, directly incentivizing renewable energy integration and grid resilience.95% confidence ✓ EnvironmentSupports EnvironmentIncentivizes transmission upgrades with advanced conductors and efficiency criteria, reducing energy loss and supporting clean energy integration, aligning with environmental goals.85% confidence ✓ TechnologySupports TechnologyBill requires advanced conductors (e.g., superconducting tech) for tax credit eligibility, directly incentivizing technology adoption in grid infrastructure.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jun 2023
Committee Review
Floor Vote
President
Introduced Jun 1, 2023 Last action Jun 1, 2023
Floor votes

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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
Jun 1, 2023
Committee
Read twice and referred to the Committee on Finance.
upper
Jun 1, 2023
Introduced
Introduced in Senate
upper
1 primary · 1 co-sponsor

Sponsors

Role
Legislator
Party
State
District
P
Photo of Martin Heinrich
Martin Heinrich
DDemocratic
NM
n/a
Co
Photo of Alex Padilla
Alex Padilla
DDemocratic
CA
n/a