NEMA President and CEO Debra Phillips today issued the following statement in response to Senate passage of the reconciliation bill (H.R. 1):

“NEMA strongly supports the pro-manufacturing provisions included in the Senate-passed tax legislation and thanks Leader Thune and Chairman Crapo for their commitment to making these critical measures permanent to support our growing domestic manufacturing base. We are also grateful to Sens. Ernst, Murkowski, and Grassley for their efforts to enhance energy and grid reliability incentives.

“During this pivotal moment of unprecedented growth in energy demand and consumption across our economy, U.S. electrical manufacturers need tax provisions that encourage capital investment in American production capacity, foster research and development, and bolster domestic manufacturing of products and components critical to national security. The pro-manufacturing tax provisions in the Senate bill reflect that commitment and position the U.S. as a global leader.

“NEMA also appreciates that Senate leadership prioritized critical energy incentives including the Advanced Manufacturing Tax Credit (45X), Residential Clean Energy Credit (25D), Energy Efficient Home Improvement Tax Credit (25C), and Alternative Fuel Refueling Property Credit (30C). The legislation also advanced a workable approach to address ‘foreign entities of concern’. These adjustments will help electrical manufacturers achieve their objectives to grow U.S. manufacturing and ensure the reliability, safety, and security of our nation’s electrical infrastructure.

“NEMA urges the House to create eligibility for clean energy technology tax credits at ‘start of construction’ rather than the drafted ‘placed in service’ date to allow for full immediate investment and deployment of in-process projects that will bring kilowatts to the grid. “We urge the House to take swift action on this important legislation and send it to President Trump to sign this week.”