House panel votes to extend tax credit for nuclear power


House panel votes to extend tax credit for nuclear power

The House Ways and Means Committee on Thursday approved a bipartisan bill that would lift a deadline for the nuclear power production tax credit.
The panel passed the bill by voice vote.
The legislation would lift a requirement that nuclear facilities be placed in service by 2020 to be eligible for the credit. It would also allow public and nonprofit entities to transfer credits to other partners on the facilities, such as the projects’ designers.
The bill, which was introduced by Reps. Earl BlumenauerEarl BlumenauerOvernight Finance: Senate passes Russian sanctions deal | White House divided on debt limit strategy | Budget office wages …

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