Backers Of Georgia’s Vogtle Nuclear Project Are Big Winners In Tax Plan
Backers of Georgia’s Vogtle nuclear project are big winners in tax plan
WASHINGTON —The U.S. House Republican tax bill unveiled on Thursday provided some much-welcome news to boosters of Georgia’s troubled Vogtle nuclear project.
A provision nestled deep within the legislation would hand the project’s operators an estimated $800 million in tax credits — just one of thousands of tweaks to the country’s revenue code that could have a major impact on the ground in Georgia.
The proposed changes ranged from the large — lowering the corporate tax rate to 20 percent, something long sought by many of the state’s biggest companies — to the relatively small, such as ending the charitable …