CIRCUIT Act

The CIRCUIT Act (HR 4128) adds a 10% federal tax credit to the Advanced Manufacturing Production Credit for manufacturers producing distribution transformers used in utility infrastructure. It directly affects manufacturers of these transformers by providing a financial incentive equal to 10% of their production costs. The bill defines "distribution transformer" using the existing Energy Policy and Conservation Act standard (42 U.S.C. 6291(35)). The credit applies to transformers produced and sold 90 days after the bill's enactment.