Lets companies get a tax credit for making power transformers in the U.S.
This bill would let companies that make distribution transformers in the U.S. get a tax credit. They would get back 10 percent of the costs for making these important power grid parts. This aims to encourage more domestic production of these transformers.
Currently, companies making distribution transformers do not get a specific advanced manufacturing tax credit for these products. If this bill passes, they would be able to claim a tax credit equal to 10 percent of their production costs for distribution transformers, starting 90 days after the bill becomes law.
HR 4128 · 119th Congress · June 25, 2025 · AI Summary by gemini-2.5-flash · 9/10
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11 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.