Grid Resiliency Tax Credit Act
The source supplies the latest action, but no lifecycle stage.
Latest action (22 Sep 2026): Read twice and referred to the Committee on Finance.
What this bill does
The Grid Resiliency Tax Credit Act, introduced in the Senate, proposes to create a new tax credit for businesses that install "regionally significant electric power transmission lines." This credit would be equal to 30 percent of the qualified investment made in these transmission lines. The bill defines qualified investments to include the basis of property used in the transmission line, as well as expenditures for related substation property.
The bill specifically targets companies involved in the installation and modification of electric power transmission lines. It outlines criteria for transmission lines to be considered "qualified," including minimum transmission capacities, voltage requirements, and whether they transmit electricity across state boundaries, between different transmission planning regions, or over long distances. The legislation also includes provisions for credits related to connecting new or expanded electricity generation facilities or energy storage technology to the grid.
This bill was introduced in the Senate on September 22, 2026, and referred to the Committee on Finance. As it has just been introduced, it must go through the committee process, which may include hearings and amendments, before it could potentially be voted on by the full Senate and then proceed to the House of Representatives. If passed by both chambers in identical form, it would then be sent to the President for signature or veto.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Timeline
22 Sep 2026
Read twice and referred to the Committee on Finance.
Common questions
- What does S. 5453 do?
- The Grid Resiliency Tax Credit Act, introduced in the Senate, proposes to create a new tax credit for businesses that install "regionally significant electric power transmission lines." This credit would be equal to 30 percent of the qualified investment made in these transmission lines. The bill defines qualified investments to include the basis of property used in the transmission line, as well as expenditures for related substation property. The bill specifically targets companies involved in the installation and modification of electric power transmission lines. It outlines criteria for transmission lines to be considered "qualified," including minimum transmission capacities, voltage requirements, and whether they transmit electricity across state boundaries, between different transmission planning regions, or over long distances. The legislation also includes provisions for credits related to connecting new or expanded electricity generation facilities or energy storage technology to the grid. This bill was introduced in the Senate on September 22, 2026, and referred to the Committee on Finance. As it has just been introduced, it must go through the committee process, which may include hearings and amendments, before it could potentially be voted on by the full Senate and then proceed to the House of Representatives. If passed by both chambers in identical form, it would then be sent to the President for signature or veto.
- Has S. 5453 become law?
- The source does not supply a confirmed lifecycle stage for S. 5453. Check the latest action and official source below.
- Who sponsored S. 5453?
- S. 5453 was sponsored by Sen. Heinrich, Martin [D-NM] (D-NM), with 0 cosponsors.
- What's the latest action on S. 5453?
- Read twice and referred to the Committee on Finance. (22 Sep 2026).
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