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Panel backs resolution urging Congress to preserve nuclear tax credits cited as key to plant restarts and new builds
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Summary
House Concurrent Resolution 102 urges preservation of federal tax credits in sections 45U, 45Y and 48E of the Internal Revenue Code to support existing nuclear plants and investment in next‑generation reactors; industry witnesses said the credits have already enabled restarts and could attract private investment.
Senator Parker laid out House Concurrent Resolution 102, which expresses the Texas Legislature’s support for federal tax credits that backstop existing nuclear plants and encourage new nuclear investment. The resolution cites Internal Revenue Code sections 45U, 45Y and 48E and directs the Texas secretary of state to transmit copies to federal leaders.
Benton Arnett of the Nuclear Energy Institute said federal credits are “precisely the kind of action that positions The US and Texas to reestablish global leadership in nuclear energy,” and estimated preserving the credits could save the State of Texas up to $600 million. Casey Kelly of Constellation Energy described 45U as “the only means tested production tax credit in the entire tax code” and said the credit has enabled restarts and reversed closure decisions at some reactors. Liz Ramsey Dalton, an energy consultant, said the credits are unlocking investment and that “these credits are driving nuclear restarts, upgrades and over 30 new development projects with an eye toward Texas.”
Committee members discussed whether the concurrent resolution should focus exclusively on nuclear rather than include natural gas. Senator Johnson asked to refine language to make clear the resolution’s focus on nuclear; witnesses supported clarifying that the resolution is about preserving nuclear incentives. The committee closed public testimony and left HCR 102 pending.
