S 448 · 119th CongressIn Committeecongress.gov ↗

CIRCUIT Act

Road to The Floor

How it works

Introduced

In Committee

On The Floor

Passed a Chamber

Passed Congress

To President

Became Law

What this bill does

AI plain-language summary

This bill would give a tax credit to manufacturers who make certain types of electrical transformers, called distribution transformers, in the United States. The credit would cover up to 10% of the cost to produce these transformers. It does this by adding distribution transformers to an existing tax credit program that already helps companies that make parts for clean energy equipment, like battery cells and solar panels, in the United States.

Introduced

February 6, 2025

Policy Area

Taxation

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