Parity for Nuclear Energy Investment Act
H.R. 6474
H.R. 6474
12/4/25
The Parity for Nuclear Energy Investment Act would allow nuclear projects claiming the U.S. Code Section 48E Clean Energy Investment Tax Credit (48E ITC) to receive a 10% bonus incentive if located in a “nuclear energy community.” This is defined as metropolitan statistical areas (MSAs) with at least 0.17 percent direct employment related to the advancement of nuclear power.
Additionally, for projects claiming the 48E ITC, this legislation would expand the scope of communities eligible for the adder under the advanced nuclear community qualification to include those located in “non-metropolitan statistical areas” in addition to MSAs.
Currently, the nuclear energy community provision is limited to projects that meet the definition and elect to claim the 45Y Clean Electricity Production Tax Credit (45Y PTC). Extending the nuclear energy community provision to include projects that elect to claim the 48E Clean Electricity Investment Tax Credit (ITC) instead of 45Y would allow optionality for projects. For example, new nuclear projects rely heavily on upfront capital, which may make the 48E ITC more useful.
Expanding the scope of communities eligible to include those located in “non-metropolitan statistical areas” (see map) would open eligibility to more rural areas, which are often designated as a non-MSA areas.
If enacted, this bill would harmonize the nuclear energy community’s bonus for nuclear projects claiming either the PTC and ITC, give access to 48E in non-MSAs and help accelerate investment in new nuclear energy.
H.R. 6474
Rep. Dan Newhouse (R-WA), Rep. Chuck Fleischmann (R-TN), Rep. Claudia Tenney (R-NY)
ClearPath Action, Energy Northwest, Nuclear Energy Institute, Elementl Power, Constellation Energy, Holtec International, U.S. Nuclear Industry Council, X-Energy