Finance Committee
- Referred To
Introduced: Feb 6, 2025
Latest action date: Feb 6, 2025
Latest development
Read twice and referred to the Committee on Finance.
Status detail: The most advanced recorded stage is committee consideration.
Plain-language overview
Credit Incentives for Resilient Critical Utility Infrastructure and Transformers Act or the CIRCUIT Act
This bill expands the advanced manufacturing production tax credit to include up to 10% of the cost to produce transformers that have an input voltage of 34.5 kilovolts or less, have an output voltage of 600 volts or less, and are rated for operation at a frequency of 60 hertz (i.e., distribution transformers).
As background, the advanced manufacturing production tax credit (part of the general business tax credit) allows a tax credit for certain component parts (e.g., battery cells, solar modules, and inverters) and critical minerals (e.g., aluminum, lithium, and nickel) that are produced in the United States or a U.S. possession and sold generally to an unrelated third party for use in clean energy equipment. (Some exceptions apply.)
Civixly topics
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Official CRS policy area
Taxation
Committees and subcommittees that received, reviewed, marked up, or reported this legislation.
Proposed changes to this measure, with their latest official outcome or action from Congress.gov.
No amendments are listed for this measure.
Checked against Congress.gov Sep 15, 2026.
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Introduced in Senate
Read twice and referred to the Committee on Finance.
Recorded House and Senate votes connected to this bill. Your representatives appear first when available.
No connected roll-call votes are currently available for this bill.
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