To amend the Internal Revenue Code of 1986 to modify certain investment credit rules with respect to nuclear facilities.

This bill modifies tax credit rules for nuclear power plants to allow them to claim investment credits without certain restrictions that currently apply to other energy facilities. Specifically, it removes a limitation that previously prevented public utility companies from claiming these credits for nuclear facilities and eliminates a rule that capped credits based on how quickly the project was completed. These changes would affect nuclear power generators and investors starting with taxable years beginning after December 31, 2026. The bill does not create new tax credits but adjusts existing ones to treat nuclear facilities more similarly to other qualified energy projects.