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House concurs on small modular reactor package after debate over tax credits and customer protections
Summary
The Indiana House voted 63-23 to concur with Senate amendments to House Bill 1007, a measure that retains a manufacturing tax credit for small modular reactors while removing certain utility tax incentives. Lawmakers debated the bill’s budgetary cost and whether customer protections for large-load agreements were preserved.
The Indiana House on April 22 voted 63-23 to concur with Senate amendments to House Bill 1007, a measure that kept a 20% manufacturing tax credit for small modular reactors while removing utility tax-credit incentives, lawmakers said.
Supporters urged concurrence as a tool to attract manufacturers; opponents raised budget and customer-protection concerns. Representative Kyle Pierce, speaking against the concurrence motion, said the bill’s 20% tax credit carries a large fiscal cost and highlighted other provisions that, in his view, leave ratepayers vulnerable.
Pierce said the…
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