“A bill to amend the Internal Revenue Code of 1986 to expand the advanced manufacturing production credit to include fusion energy components.”
No CRS summary available for this bill.
This section expands the advanced manufacturing production tax credit (Section 45X)—which provides tax credits based on sales prices for eligible U.S.-produced clean energy components such as solar wafers, wind turbine blades, and battery cells—to include fusion energy components at 25% of the sales price for components sold before calendar year 2032, subject to phase-out thereafter (75% in 2032, 50% in 2033, 25% in 2034, and 0% after December 31, 2034). It defines a fusion energy component as any of 20 specified components (e.g., high-temperature superconducting magnets, fusion chambers or plasma vacuum vessels, blanket systems, high-energy lasers, high-voltage capacitors) intended for a fusion energy machine, defined as a fusion machine (per Atomic Energy Act definitions) used to produce electricity or process heat, and provides sub-definitions for key components (e.g., blanket system as components to remove fusion heat, shield from neutrons, generate tritium, and transfer heat to power generation).