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US SB3088

Bill

Status

Introduced

10/30/2025

Primary Sponsor

John Curtis

Click for details

Origin

Senate

119th Congress

AI Summary

  • Amends Internal Revenue Code Section 45X to provide a tax credit equal to 25% of the sales price for fusion energy components manufactured in the United States
  • Defines 20 categories of eligible fusion energy components including high-temperature superconducting magnets, plasma vacuum vessels, blanket systems, high-energy lasers, fusion heating systems, high-voltage capacitors, and fusion targets
  • Establishes a phase-out schedule for the credit: 75% in 2032, 50% in 2033, 25% in 2034, and 0% after December 31, 2034
  • Expands eligible critical minerals to include deuterium, tritium, helium-3, and additional forms of lithium, beryllium, tungsten, vanadium, and boron relevant to fusion applications
  • Applies to components produced and sold after December 31, 2025

Legislative Description

Fusion Advanced Manufacturing Parity Act

Taxation

Last Action

Read twice and referred to the Committee on Finance.

10/30/2025

Committee Referrals

Finance10/30/2025

Full Bill Text

No bill text available