Modifies definition of Class I renewable energy to include nuclear fission; provides CBT tax credit for production of clean baseload power.

The bill modifies the definition of "Class I renewable energy" to include energy produced through nuclear fission. It also provides a Corporation Business Tax (CBT) tax credit for the production of clean baseload energy, which is defined as any form of electric energy production that can reliably produce energy continuously and at a constant rate without emitting greenhouse gases, including nuclear fission. The tax credit is set at $1,000 per gigawatt hour of clean baseload energy produced.

Modifies definition of Class I renewable energy to include nuclear fission; provides CBT tax credit for production of clean baseload power.

The bill modifies the definition of "Class I renewable energy" to include energy produced through nuclear fission. It also provides a Corporation Business Tax (CBT) tax credit for the production of clean baseload energy, which is defined as any form of electric energy production that can reliably produce energy continuously and at a constant rate without emitting greenhouse gases, including nuclear fission. The tax credit is set at $1,000 per gigawatt hour of clean baseload energy produced.