Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
HB 5120 establishes a franchise tax credit for taxable entities that construct nuclear projects. It defines qualifying projects, including nuclear power plants, nuclear reactors, uranium enrichment facilities, and nuclear fuel recycling sites. The credit allows businesses to claim 10% of construction costs, up to $250 million, with an unused credit eligible for carryforward for up to 25 years. The credit cannot be transferred between entities except when assets are sold together​.
Author
Cody Harris
Contact the Author
Rep. Cody Harris
Capitol Phone:
(512) 463-0730
Capitol Office:
EXT E2.504
E-Mail:
