Us Congress 2025-2026 Regular Session

Us Congress Senate Bill SB448 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	II
2	2	119THCONGRESS
3	3	1
4	4	STSESSION S. 448
5	5	To amend the Internal Revenue Code of 1986 to expand the advanced
6	6	manufacturing production credit to include distribution transformers.
7	7	IN THE SENATE OF THE UNITED STATES
8	8	FEBRUARY6 (legislative day, FEBRUARY5), 2025
9	9	Mr. M
10	10	ORAN(for himself and Ms. CORTEZMASTO) introduced the following
11	11	bill; which was read twice and referred to the Committee on Finance
12	12	A BILL
13	13	To amend the Internal Revenue Code of 1986 to expand
14	14	the advanced manufacturing production credit to include
15	15	distribution transformers.
16	16	Be it enacted by the Senate and House of Representa-1
17	17	tives of the United States of America in Congress assembled, 2
18	18	SECTION 1. SHORT TITLE. 3
19	19	This Act may be cited as the ‘‘Credit Incentives for 4
20	20	Resilient Critical Utility Infrastructure and Transformers 5
21	21	Act’’ or the ‘‘CIRCUIT Act’’. 6
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24	24	•S 448 IS
25	25	SEC. 2. EXPANSION OF ADVANCED MANUFACTURING PRO-1
26	26	DUCTION CREDIT TO INCLUDE DISTRIBU-2
27	27	TION TRANSFORMERS. 3
28	28	(a) I
29	29	NGENERAL.—Section 45X of the Internal Rev-4
30	30	enue Code of 1986 is amended— 5
31	31	(1) in subsection (b)(1)— 6
32	32	(A) in subparagraph (L)(ii), by striking 7
33	33	‘‘and’’ at the end, 8
34	34	(B) in subparagraph (M), by striking the 9
35	35	period at the end and inserting ‘‘, and’’, and 10
36	36	(C) by adding at the end the following new 11
37	37	subparagraph: 12
38	38	‘‘(N) in the case of any distribution trans-13
39	39	former, an amount equal to 10 percent of the 14
40	40	costs incurred by the taxpayer with respect to 15
41	41	production of such transformer.’’, and 16
42	42	(2) in subsection (c)— 17
43	43	(A) in paragraph (1)(A)— 18
44	44	(i) in clause (iv), by striking ‘‘and’’ at 19
45	45	the end, 20
46	46	(ii) in clause (v), by striking the pe-21
47	47	riod at the end and inserting ‘‘, and’’, and 22
48	48	(iii) by adding at the end the fol-23
49	49	lowing new clause: 24
50	50	‘‘(vi) any distribution transformer.’’, 25
51	51	and 26
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54	54	•S 448 IS
55	55	(B) by adding at the end the following new 1
56	56	paragraph: 2
57	57	‘‘(7) D
58	58	ISTRIBUTION TRANSFORMER .—The term 3
59	59	‘distribution transformer’ has the same meaning 4
60	60	given such term under section 321(35) of the En-5
61	61	ergy Policy and Conservation Act (42 U.S.C. 6
62	62	6291(35)).’’. 7
63	63	(b) E
64	64	FFECTIVEDATE.—The amendments made by 8
65	65	this section shall apply to components produced and sold 9
66	66	after the date which is 90 days after the date of enactment 10
67	67	of this Act. 11
68	68	Æ
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