Domenici proposes tax credit for advanced nuclear plants

Domenici proposes tax credit for advanced nuclear plants

Washington (Platts)--16Apr2004


A 1.8-cent per kilowatt-hour tax credit for advanced nuclear plants will be
offered by Sen. Pete Domenici (R-N.M.) during expected debate on a corporate
tax bill into which other tax provisions of Domenici's energy bill have been
incorporated. That tax credit was part of Domenici's original 2003 energy bill
but was not included in the stripped-down compromise version that is pending
Senate action. Domenici told the North American Energy Summit in Albuquerque,
N.M. today that he was confident the tax bill, S 1637, would pass, probably
next week, and the Senate would then proceed to his energy bill. Disagreement
on debate terms between Republicans and Democrats has held up the energy bill.
Domenici said moving tax provisions to the Foreign Sales
Corp./Extraterritorial Income bill avoided budget points of order that could
have threatened the larger energy bill.