S.448

The CIRCUIT Act expands the advanced manufacturing production credit to include distribution transformers.

The CIRCUIT Act, or Credit Incentives for Resilient Critical Utility Infrastructure and Transformers Act, amends the Internal Revenue Code to expand the advanced manufacturing production credit to include distribution transformers. The credit is set at 10 percent of the costs incurred by the taxpayer for producing such transformers. The amendments apply to components produced and sold 90 days after the enactment of this Act.