Amends the Internal Revenue Code to modify investment credit rules for nuclear facilities.

The bill amends the Internal Revenue Code to modify investment credit rules for nuclear facilities. It removes the progress expenditures limitation for nuclear facilities and allows an election to remove the public utility property limitation for such facilities. These changes apply to taxable years beginning after December 31, 2026.

Amends the Internal Revenue Code to modify investment credit rules for nuclear facilities.

The bill amends the Internal Revenue Code to modify investment credit rules for nuclear facilities. It removes the progress expenditures limitation for nuclear facilities and allows an election to remove the public utility property limitation for such facilities. These changes apply to taxable years beginning after December 31, 2026.