Read twice and referred to the Committee on Finance.
This bill amends Internal Revenue Code section 45X to add distribution transformers to the list of qualified advanced manufactured components. It provides a tax credit equal to 10% of the taxpayer’s costs for producing distribution transformers, uses the Energy Policy and Conservation Act definition for “distribution transformer,” and applies to components produced and sold more than 90 days after enactment.
Liberals emphasize resilience, jobs, and domestic industry benefits.
Relative to its intended legislative type, this bill is a narrowly focused statutory amendment that adds distribution transformers to the list of components eligible for the existing advanced manufacturing production credit (Section 45X), specifying a 10% credit and an effective date.
This bill amends Internal Revenue Code section 45X to add distribution transformers to the list of qualified advanced manufactured components.
It provides a tax credit equal to 10% of the taxpayer’s costs for producing distribution transformers, uses the Energy Policy and Conservation Act definition for “distribution transformer,” and applies to components produced and sold more than 90 days after enactment.
Low-complexity, targeted incentive with bipartisan appeal, offset by fiscal cost concerns and lack of built-in offsets or sunset.
Relative to its intended legislative type, this bill is a narrowly focused statutory amendment that adds distribution transformers to the list of components eligible for the existing advanced manufacturing production credit (Section 45X), specifying a 10% credit and an effective date. The statutory changes are explicit and integrated by citation to existing definitions.
Liberals emphasize resilience, jobs, and domestic industry benefits.
These are examples from the analysis, not a ranked list of the most-affected groups.
Liberals emphasize resilience, jobs, and domestic industry benefits.
Generally favorable: sees this as targeted industrial policy to strengthen grid resilience and bring manufacturing jobs onshore.
Would look for stronger domestic content, labor, and environmental safeguards, and monitoring of equity impacts.
Cautiously supportive if narrowly targeted and cost-effective; views this as pragmatic support for critical infrastructure.
Wants fiscal estimates, performance metrics, and a clear sunset or review mechanism.
Skeptical of new tax incentives as market distortions and corporate subsidies, but may accept targeted support for national security and grid resilience.
Prefers spending offsets and strict targeting.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Low-complexity, targeted incentive with bipartisan appeal, offset by fiscal cost concerns and lack of built-in offsets or sunset.
The bill has not accumulated any surfaced votes yet.
Liberals emphasize resilience, jobs, and domestic industry benefits.
Low-complexity, targeted incentive with bipartisan appeal, offset by fiscal cost concerns and lack of built-in offsets or sunset.
Relative to its intended legislative type, this bill is a narrowly focused statutory amendment that adds distribution transformers to the list of components eligible for the existing advanced manufacturing production cr…
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