{"id":"c4310c90-6872-4738-b3f6-72258c077690","feedVisibility":"normal","congress":119,"billType":"s","billNumber":448,"title":"CIRCUIT Act","displayTitle":"CIRCUIT Act","abstract":"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.)","displaySummary":"<p><strong>YVN Summary</strong></p>\n\n<p>The CIRCUIT Act adds distribution transformers — the devices that step down electricity from transmission lines to homes and businesses — to the list of products eligible for the federal advanced manufacturing production tax credit under Section 45X of the tax code. Domestic manufacturers would receive a credit equal to 10 percent of their production costs for each transformer made and sold. The credit applies to transformers produced and sold more than 90 days after enactment. Distribution transformers are a key bottleneck in the U.S. electrical grid, and domestic production has lagged behind demand.</p>","status":"COMMITTEE_CONSIDERATION","topics":["ECONOMY","GOVERNMENT_OPERATIONS"],"introducedAt":"2025-02-06T00:00:00+00:00","latestActionAt":"2025-02-06T00:00:00+00:00","congressGovUrl":"https://www.congress.gov/bill/119th-congress/senate-bill/448","accountabilityFlags":{"corporate_benefits":["↑ 10% production tax credit for domestic distribution transformer manufacturers — direct subsidy for companies building qualifying grid components"]},"tldr":"Adds a 10% manufacturing tax credit for U.S.-made electrical distribution transformers, a key bottleneck in grid equipment supply.","summaryStandard":null,"flagExplainers":{},"flagValence":{},"needsResummary":false,"displaySummaryHtml":null,"rawStatusText":"Read twice and referred to the Committee on Finance.","chamber":"SENATE","policyArea":"Taxation","legislativeSubjects":[],"lawStatus":null,"lawNumber":null,"latestActionText":"Read twice and referred to the Committee on Finance.","latestTextVersion":"Introduced in Senate","textVersionUsed":null,"dateAdded":"2026-06-02T00:00:00+00:00","summarizedAt":"2026-06-05T11:06:12+00:00","recordId":"c4310c90-6872-4738-b3f6-72258c077690","feedIdentityKey":"119/s/448","websiteBillId":"S-448","yourvoiceSummary":"The CIRCUIT Act adds distribution transformers — the devices that step down electricity from transmission lines to homes and businesses — to the list of products eligible for the federal advanced manufacturing production tax credit under Section 45X of the tax code. Domestic manufacturers would receive a credit equal to 10 percent of their production costs for each transformer made and sold. The credit applies to transformers produced and sold more than 90 days after enactment. Distribution transformers are a key bottleneck in the U.S. electrical grid, and domestic production has lagged behind demand.","updatedAt":"2026-10-25T03:41:27.424744+00:00"}