Legislation introduced to extend production tax credits to nuclear

Cardin

Pascrell
Companion bills that call for amending the Internal Revenue Code to establish a tax credit to help existing merchant nuclear plants continue operations debuted on Capitol Hill last week.
In the House on June 21, Rep. Bill Pascrell (D., N.J.) introduced the bipartisan H.R. 4024, dubbed the Zero-Emission Nuclear Power Production Credit Act of 2021. Cosponsors of the legislation include Reps. Brian Fitzpatrick (R., Pa.), Tom Suozzi (D., N.Y.), John Katko (R., N.Y.), Danny Davis (D., Ill.), Anthony Brown (D., Md.), Dutch Ruppersberger (D., Md.), Cheri Bustos (D., Ill.), Mike Doyle (D., Pa.), and Bobby Rush (D., Ill.).
And on June 24, Sen. Ben Cardin (D., Md.) introduced the Senate’s version, S. 2291, with Sens. Joe Manchin (D., W.Va.), Tom Carper (D., Del.), Sheldon Whitehouse (D., R.I.), and Cory Booker (D., N.J.) joining as cosponsors.









Noting the challenges Japan will face in managing the nuclear waste that will be generated from decommissioning 79 of its nuclear research and development facilities, the International Atomic Energy Agency is recommending that the country prepare for delays in the development of disposal facilities and provide appropriate waste storage capacity for the interim period.





A report by the OECD Nuclear Energy Agency proposes a new approach to assessing the financial adequacy for undertaking nuclear decontamination and decommissioning projects and high-level radioactive waste management.

