North Carolina 2025 Session Status: In Committee 5 D cosponsors

SB 546 — Clean Energy Workforce and Innovation Act.

Last action — Passed 1st Reading

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the Senate. Introduced March 25, 2025. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the Senate.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

Upgrade to see the exact probability and what's driving it.

A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Stalled 24% · moderate confidence

  • In Committee

    Current position in the legislative process.

  • 5 sponsors

    1 primary, 4 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (5 D).

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Bill Text

What changed in the latest version

68 added · 69 removed

Plain-language change summary

The latest version of Senate Bill 546 has added a focus on expanding economic opportunities in clean energy transition by investing in workforce initiatives. It also includes a provision for studying the effectiveness of tax incentives related to clean energy manufacturing. These changes are significant as they aim to create jobs and promote sustainable energy practices in North Carolina, addressing both economic growth and environmental concerns.

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FILED SENATE GENERAL ASSEMBLY OF NORTH CAROLINA Mar 25, 2025 S.B.
GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 2025 S 1 SENATE BILL 546 Short Title:
546 SESSION 2025 PRINCIPAL CLERK S D SENATE BILL DRS15248-MCf-163 Short Title:
A BILL TO BE ENTITLED AN ACT TO ENACT THE CLEAN ENERGY WORKFORCE AND INNOVATION ACT.
Rules and Operations of the Senate March 26, 2025 A BILL TO BE ENTITLED AN ACT TO ENACT THE CLEAN ENERGY WORKFORCE AND INNOVATION ACT.
(3) Expand economic opportunities in energy transition by investingin workforce training, apprenticeships, and educational partnerships that equip North Carolinians for high-paying, sustainable careers.
(3) Expand economic opportunities in energytransition byinvesting in workforce training, apprenticeships, and educational partnerships that equip North Carolinians for high-paying, sustainable careers.
– A nuclear reactor with a capacity of less than 500 megawatts per unit, designed for modular construction and advanced safety features, including passive safety systems using natural cooling *DRS15248-MCf-163* General Assembly Of North Carolina Session 2025 mechanisms to prevent overheating;
– A nuclear reactor with a capacity of less than 500 megawatts per unit, designed for modular construction and advanced safety features, including passive safety systems using natural cooling *S546-v-1* General Assembly Of North Carolina Session 2025 mechanisms to prevent overheating;
Page 2 DRS15248-MCf-163 General Assembly Of North Carolina Session 2025 3.
Page 2 Senate Bill 546-First Edition General Assembly Of North Carolina Session 2025 3.
– In conjunction with TheUniversity ofNorth Carolina,the Community Colleges System Office, and the Department of Military and Veterans Affairs, the Department shall develop a fast-track initiative for qualifying veterans to facilitate and expedite training, licensure, and transition into civilian nuclear energy careers.
– In conjunction with TheUniversityof North Carolina,the Community Colleges System Office, and the Department of Military and Veterans Affairs, the Department shall develop a fast-track initiative for qualifying veterans to facilitate and expedite training, licensure, and transition into civilian nuclear energy careers.
– The Department of Commerce, in collaboration with the Department of Environmental Quality, the Utilities Commission, and any other State agency or entity the Department of Commerce deems relevant, shall conduct a sbtudy on the feasibility and potential benefits of establishing Nuclear Innovation Zones in the State.
– The Department of Commerce, in collaboration with the Department of Environmental Quality, the Utilities Commission, and any other State agencyor entitythe Department of Commerce deems relevant, shall conduct a sbtudy on the feasibility and potential benefits of establishing Nuclear Innovation Zones in the State.
DRS15248-MCf-163 Page 3 General Assembly Of North Carolina Session 2025 (3) A review of existing State and federal regulations affecting nuclear energy development and possible reforms to streamline approval processes while ensuring public safety.
Senate Bill 546-First Edition Page 3 General Assembly Of North Carolina Session 2025 (3) A review of existing State and federal regulations affecting nuclear energy development and possible reforms to streamline approval processes while ensuring public safety.
(2) Both short-term and long-term economic trends at the State, national, and international levels have made the successful implementation of the State's economic development policy and programs both more critical and more challenging, and the decline in the State's traditional industries, and the resulting adverseimpact upontheStateanditscitizens, havebeenexacerbated in recent years by adverse national and State economic trends that contribute to the reduction in the State's industrial base and that inhibit the State's ability to sustain or attract new and expanding businesses.
(2) Both short-term and long-term economic trends at the State, national, and international levels have made the successful implementation of the State's economic development policy and programs both more critical and more challenging, and the decline in the State's traditional industries, and the resultingadverseimpact upontheStateanditscitizens, havebeen exacerbated in recent years by adverse national and State economic trends that contribute to the reduction in the State's industrial base and that inhibit the State's ability to sustain or attract new and expanding businesses.
(4) The enactment of this Article is necessary to stimulate the economy and create new jobs in North Carolina, and this Article will promote the general welfare and confer, as its primary purpose and effect, benefits on citizens throughout the State through the creation of new jobs, an enlargement of the overall tax base, an expansion and diversification of the State's industrial base, and an increase in revenue to the State and its political subdivisions.
(4) The enactment of this Article is necessaryto stimulate the economyand create new jobs in North Carolina, and this Article will promote the general welfare and confer, as its primary purpose and effect, benefits on citizens throughout the State through the creation of new jobs, an enlargement of the overall tax base, an expansion and diversification of the State's industrial base, and an increase in revenue to the State and its political subdivisions.
Page 4 DRS15248-MCf-163 General Assembly Of North Carolina Session 2025 (7) The resources of the State are not evenly distributed throughout the State and different communities have different abilities and needs in attracting and maintaining new and expanding business and industry.
Page 4 Senate Bill 546-First Edition General Assembly Of North Carolina Session 2025 (7) The resources of the State are not evenly distributed throughout the State and different communities have different abilities and needs in attracting and maintaining new and expanding business and industry.
– Themanufacturein thisState ofsmallmodular reactors, small modular reactor components, reactor modules, or nuclear fuel assemblies.
–Themanufacturein thisState ofsmallmodular reactors, small modular reactor components, reactor modules, or nuclear fuel assemblies.
During the tax year in which the activity occurred for which a credit is being claimed, a civil penalty was assessed against the taxpayer by the Department of Environmental Quality for failure to comply with an order issued by an agency of the Department to abate or remediate a violation of any program administered by the agency.
During the tax year in which the activity occurred for which a credit is being claimed, a civil penaltywas assessed against the taxpayer bythe Department of Environmental Quality for failure to comply with an order issued by an agency of the Department to abate or remediate a violation of any program administered by the agency.
DRS15248-MCf-163 Page 5 General Assembly Of North Carolina Session 2025 c.
Senate Bill 546-First Edition Page 5 General Assembly Of North Carolina Session 2025 c.
During the tax year in which the activity occurred for which the credit is being claimed or in the prior four tax years, a criminal penalty was imposed onthetaxpayer inconnectionwith aviolation ofany program implemented by an agency of the Department of Environmental Quality.
During the tax year in which the activity occurred for which the credit is being claimed or in the prior four tax years, a criminal penalty was imposed onthetaxpayer inconnectionwith aviolation ofanyprogram implemented by an agency of the Department of Environmental Quality.
–This Articleis repealed effective forbusiness activitiesthat occur onorafter January 1, 2014.
– This Articleis repealed effective forbusiness activitiesthatoccur onorafter January 1, 2014.
Page 6 DRS15248-MCf-163 General Assembly Of North Carolina Session 2025 (3) Compiling any available data on whether expanding North Carolina businesses receive fewer benefits than out-of-State businesses that locate to North Carolina.
Page 6 Senate Bill 546-First Edition General Assembly Of North Carolina Session 2025 (3) Compiling any available data on whether expanding North Carolina businesses receive fewer benefits than out-of-State businesses that locate to North Carolina.
– The Department of Commerce shall study the effectiveness of the tax incentives provided in this Article.
– The Department of Commerce shall studythe effectiveness of the tax incentives provided in this Article.
A taxpayer that meets this job creation requirement is eligible for credits under this Article with respect to the company headquarters for three taxable years beginning with the year in which the job creation requirement is satisfied.
A taxpayer that meets this job creation requirement is eligible for credits under this Article with respect to the companyheadquarters for three taxable years beginning with the year in which the job creation requirement is satisfied.
Jobs DRS15248-MCf-163 Page 7 General Assembly Of North Carolina Session 2025 that are located within an urban progress zone, a port enhancement zone, or an agrarian growth zone but not in a development tier one area satisfy the wage standard if they pay an average weekly wage that is at least equal to ninety percent (90%) of the lesser of the average wage for all insured private employers in the State and the average wage for all insured private employers in the county.
Jobs Senate Bill 546-First Edition Page 7 General Assembly Of North Carolina Session 2025 that are located within an urban progress zone, a port enhancement zone, or an agrarian growth zone but not in a development tier one area satisfy the wage standard if they pay an average weekly wage that is at least equal to ninety percent (90%) of the lesser of the average wage for all insured private employers in the State and the average wage for all insured private employers in the county.
If the taxpayer ceases to provide health insurance for the jobs during a taxable year, the credit expires, and the taxpayer may not take any remaining installment or carryforward of the credit.expires.
If the taxpayer ceases to provide health insurance for the jobs duringa taxable year, the credit expires, and the taxpayer maynot take anyremaining installment or carryforward of the credit.expires.
– A taxpayer is eligible for a credit allowed under this Article only if the taxpayer certifies that, as of the time the taxpayer claims the credit, at the establishment location with respect to which the credit is claimed, the taxpayer has no citations under the Occupational Safety and Health Act that have become a final order within the past threeyearsfor willfulserious violations orforfailing to abateseriousviolations.
– A taxpayer is eligible for a credit allowed under this Article only if the taxpayer certifies that, as of the time the taxpayer claims the credit, at the establishment location with respect to which the credit is claimed, the taxpayer has no citations under the Occupational Safety and Health Act that have become a final order within the past three yearsfor willfulserious violations orforfailingto abateserious violations.
– A taxpayer is not eligible for a credit allowed under this Article if, at the time the taxpayer claims the credit or an installment or carryforward of the credit, the Page 8 DRS15248-MCf-163 General Assembly Of North Carolina Session 2025 taxpayer has received a notice of an overdue tax debt and that overdue tax debt has not been satisfied or otherwise resolved.
– A taxpayer is not eligible for a credit allowed under this Article if, at the time the taxpayer claims the credit or an installment or carryforward of the credit, the Page 8 Senate Bill 546-First Edition General Assembly Of North Carolina Session 2025 taxpayer has received a notice of an overdue tax debt and that overdue tax debt has not been satisfied or otherwise resolved.
(2) Thebusiness was requiredto file anotice ofplant closingormass layoffunder the federal Worker Adjustment and Retraining Notification Act, 29 U.S.C.
(2) Thebusiness was requiredto file anotice ofplant closingor mass layoffunder the federal Worker Adjustment and Retraining Notification Act, 29 U.S.C.
DRS15248-MCf-163 Page 9 General Assembly Of North Carolina Session 2025 (k) Advisory Ruling.
Senate Bill 546-First Edition Page 9 General Assembly Of North Carolina Session 2025 (k) Advisory Ruling.
– Notwithstanding Article 9 of this Chapter, a taxpayer shall claim a credit under this Article within six months after the date set by statute for the filing of the return, including any extensions of that date.
– Notwithstanding Article 9 of this Chapter, a taxpayer shall claim a credit under this Article within six months after the date set bystatute for the filing of the return, including any extensions of that date.
A taxpayer that elects Page 10 DRS15248-MCf-163 General Assembly Of North Carolina Session 2025 to have a credit claimed under this Article treated as a tax payment must make this election when the return is filed.
A taxpayer that elects Page 10 Senate Bill 546-First Edition General Assembly Of North Carolina Session 2025 to have a credit claimed under this Article treated as a tax payment must make this election when the return is filed.
– When filingareturnforataxableyearinwhichthetaxpayerengagedinactivity for which the taxpayer is eligible for a credit under this Article, the taxpayer shall pay the Department of Revenue a fee of five hundred dollars ($500.00) for each type ofthe credit the taxpayer claims or intends to claim with respect to an establishment.a location.
–When filingareturnforataxable yearinwhichthetaxpayerengagedinactivity for which the taxpayer is eligible for a credit under this Article, the taxpayer shall pay the Department of Revenue a fee of five hundred dollars ($500.00) for each type ofthe credit the taxpayer claims or intends to claim with respect to an establishment.a location.
(1) Thenumber andamount ofcredits generatedandtaken foreach credit allowed in this Article.
(1) Thenumber and amount ofcredits generatedandtaken foreach credit allowed in this Article.
Every taxpayer claiming a credit under this Article shall maintain and make available for inspection by the Secretary of Revenue any records the Secretary considers necessary to determine and verify the amount of the credit to which the taxpayer is entitled.
Every taxpayer claiming a credit under this Article shall maintain and make available for inspection by the Secretaryof Revenue anyrecords the Secretary considers necessary to determine and verify the amount of the credit to which the taxpayer is entitled.
– A taxpayer that meets the eligibility requirements set out in G.S.
– A taxpayer that meets the eligibilityrequirements set out in G.S.
In addition, if a job located in an urban progress zone, DRS15248-MCf-163 Page 11 General Assembly Of North Carolina Session 2025 a port enhancement zone, or an agrarian growth zone is filled by a resident of that zone or by a long-term unemployed worker, the amount of the credit is increased by an additional two thousand dollars ($2,000) per job.
In addition, if a job located in an urban progress zone, Senate Bill 546-First Edition Page 11 General Assembly Of North Carolina Session 2025 a port enhancement zone, or an agrarian growth zone is filled by a resident of that zone or by a long-term unemployed worker, the amount of the credit is increased by an additional two thousand dollars ($2,000) per job.
– A job is located in a county, an urban progress zone, a port enhancement zone, or an agrarian growth zone if more than fifty percent (50%) of the employee's duties are performed in the county or the zone.
– A job is located in a county, an urban progress zone, a port enhancement zone, or an agrarian growth zone if more than fiftypercent (50%) of the employee's duties are performed in the countyor the zone.
The number of new jobs a taxpayer creates during the taxable year is determined by subtracting the average number of full-time employees the taxpayer had in this State during the 12-month period preceding the beginning of the taxable year from the average number of full-time employees the taxpayer has in this State during the taxable year.
The number of new jobs a taxpayer creates during the taxable year is determined by subtracting the average number of full-time employees the taxpayer had in this State duringthe 12-month period preceding the beginningof the taxable year from the average number of full-time employees the taxpayer has in this State during the taxable year.
If, in one of the four years in which the installment of a credit accrues, the job with respect to which the credit was claimed is moved to an area in a higher-numbered development tier or out of an urban progress zone, a port enhancement zone, or an agrarian growth zone, the remaining installments of the credit are allowed only to the extent they would have been allowed if the job was initially created in the area to which it was moved.
If, in one of the four years in which the installment of a credit accrues, the job with respect to which the credit was claimed is moved to an area in a higher-numbered development tier or out of an urban progress zone, a port enhancement zone, or an agrarian growth zone, the remaininginstallments of the credit are allowed onlyto the extent they would have been allowed if the job was initially created in the area to which it was moved.
Page 12 DRS15248-MCf-163 General Assembly Of North Carolina Session 2025 If, in one of the years in which the installment of a credit accrues, the job with respect to which the credit was claimed is moved to an area in a lower-numbered development tier or an urban progress zone, a port enhancement zone, or an agrarian growth zone, the remaining installments of the credit shall be calculated as if the job had been created initially in the area to which it was moved.
Page 12 Senate Bill 546-First Edition General Assembly Of North Carolina Session 2025 If, in one of the years in which the installment of a credit accrues, the job with respect to which the credit was claimed is moved to an area in a lower-numbered development tier or an urban progress zone, a port enhancement zone, or an agrarian growth zone, the remaining installments of the credit shall be calculated as if the job had been created initially in the area to which it was moved.
– A taxpayer may not claim a credit under this section with respect to jobs for which a taxpayer claims a credit under G.S.
– A taxpayer maynot claim a credit under this section with respect to jobs for which a taxpayer claims a credit under G.S.
– The eligible investment amount is the lesser of (i) the cost of the eligible business property and (ii) the amount by which the cost of all of the taxpayer's eligible business property that is in service in this State on the last day of the taxable year exceeds the cost of all of the taxpayer's eligible business property that was in service in this State on the last day of the base year.
– The eligible investment amount is the lesser of (i) the cost of the eligible business propertyand (ii) the amount bywhich the cost of all of the taxpayer's eligible business property that is in service in this State on the last dayof the taxable year exceeds the cost of all of the taxpayer's eligible business property that was in service in this State on the last day of the base year.
Area Development Tier Threshold Tier One $ -0- Tier Two 1,000,000 DRS15248-MCf-163 Page 13 General Assembly Of North Carolina Session 2025 Tier Three 2,000,000 (d) Expiration.
Area Development Tier Threshold Tier One $ -0- Tier Two 1,000,000 Senate Bill 546-First Edition Page 13 General Assembly Of North Carolina Session 2025 Tier Three 2,000,000 (d) Expiration.
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If, in one of the four years in which the installment of a credit accrues, the business property with respect to which the credit was claimed is disposed of, the credit expires, and the taxpayer may not take any remaining installment of the credit for that business property unless the cost of that business property is offset in the same taxable year by the taxpayer's new investment in eligible business property placed in service in the same county, as provided in this subsection.
If, in one of the four years in which the installment of a credit accrues, the business propertywith respect to which the credit was claimed is disposed of, the credit expires, and the taxpayer may not take any remaining installment of the credit for that business property unless the cost of that business property is offset in the same taxable year by the taxpayer's new investment in eligible business property placed in service in the same county, as provided in this subsection.
Ifin asingletaxableyearbusiness propertywith respect to twoormorecredits inthesamecounty are disposed of, the net reduction in the cost of all the taxpayer's eligible business property that is in service in thesame county is compared to thetotal cost of all the business property for which credits expired in order to determine whether the remaining installments of the credits are forfeited.
Ifin asingletaxable year business propertywith respect to twoormorecredits inthesamecounty are disposed of, the net reduction in the cost of all the taxpayer's eligible business property that is in service in thesame countyis compared to the total cost of all the business propertyfor which credits expired in order to determine whether the remaining installments of the credits are forfeited.
– A taxpayer may not claim a credit under this section with respect to business property for which the taxpayer claims a credit under G.S.
– A taxpayer maynot claim a credit under this section with respect to business property for which the taxpayer claims a credit under G.S.
– If a taxpayer that has purchased or leased real property in a development tier one area begins to use the property in an eligible business during the taxable year, the taxpayer is allowed a credit equal to thirty percent (30%) of the eligible investment amount if all of the eligibility requirements of G.S.
– If a taxpayer that has purchased or leased real propertyin a development tier one area begins to use the property in an eligible business during the taxable year, the taxpayer is allowed a credit equal to thirty percent (30%) of the eligible investment amount if all of the eligibility requirements of G.S.
For the purposes of this section, property is located in a development tier one area if the area the property is located in was a development tier one area at the time the taxpayer made a written application for the determination required under subsection (b) of this section.
For the purposes of this section, propertyis located in a development tier one area if the area the property is located in was a development tier one area at the time the taxpayer made a written application for the determination required under subsection (b) of this section.
The eligible investment Page 14 DRS15248-MCf-163 General Assembly Of North Carolina Session 2025 amount is the lesser of (i) the cost of the property and (ii) the amount by which the cost of all of the real property the taxpayer is using in this State in an eligible business on the last day of the taxable year exceeds the cost of all of the real property the taxpayer was using in this State in an eligible business on the last day of the base year.
The eligible investment Page 14 Senate Bill 546-First Edition General Assembly Of North Carolina Session 2025 amount is the lesser of (i) the cost of the property and (ii) the amount by which the cost of all of the real property the taxpayer is using in this State in an eligible business on the last day of the taxable year exceeds the cost of all of the real property the taxpayer was using in this State in an eligible business on the last day of the base year.
When part of the propertyisfirstusedin aneligiblebusinessinoneyearandpartisfirstusedinaneligiblebusiness in a later year, separate credits may be claimed for the amount of property first used in an eligible business in each year.
When part of the propertyisfirstusedin aneligiblebusinessinone yearandpartisfirstusedinaneligiblebusiness in a later year, separate credits maybe claimed for the amount of propertyfirst used in an eligible business in each year.
If the taxpayer fails to timely make the required level of investment or fails to timely create the required number of new jobs, the taxpayer forfeits the credit as provided in G.S.
If the taxpayer fails to timely make the required level of investment or fails to timelycreate the required number of new jobs, the taxpayer forfeits the credit as provided in G.S.
– If the taxpayer uses only part of the property in an eligible business, the amount of the credit allowed under this section is reduced by multiplying it by a fraction, the numerator of which is the square footage of the property used in an eligible business and the denominator of which is the total square footage of the property.
– If the taxpayer uses only part of the property in an eligible business, the amount of the credit allowed under this section is reduced by multiplying it by a fraction, the numerator of which is the square footage of the propertyused in an eligible business and the denominator of which is the total square footage of the property.
– If, in one of the seven years in which the installment of a credit accrues, thepropertywith respect to which thecredit was claimedis nolongerusedinaneligiblebusiness, the credit expires, and the taxpayer may not take any remaining installment of the credit.
– If, in one of the seven years in which the installment of a credit accrues, thepropertywith respect to which thecredit was claimedis nolongerusedin aneligiblebusiness, the credit expires, and the taxpayer may not take any remaining installment of the credit.
If, in one of the seven years in which the installment of a credit accrues, part of the property with respect to which the credit was claimed is no longer used in an eligible business, the remaining installmentsofthecredit shallbereducedbymultiplyingitbythefractiondescribedinsubsection (c) of this section.
If, in one of the seven years in which the installment of a credit accrues, part of the property with respect to which the credit was claimed is no longer used in an eligible business, the remaining installmentsofthecredit shallbereducedbymultiplyingitbythefraction describedinsubsection (c) of this section.
If, in one of the years in which the installment of a credit accrues and by which the taxpayer is required to have created 200 new jobs at the property, the total number of employees the taxpayer employs at the property with respect to which the credit is claimed is less than 200, the credit expires, and the taxpayer may not take any remaining installment of the credit.
If, in one of the years in which the installment of a credit accrues and bywhich the taxpayer is required to have created 200 new jobs at the property, the total number of employees the taxpayer employs at the propertywith respect to which the credit is claimed is less than 200, the credit expires, and the taxpayer may not take any remaining installment of the credit.
– A taxpayer may not claim a credit under this section with respect to real property for which a credit is claimed under G.S.
– A taxpayer maynot claim a credit under this section with respect to real property for which a credit is claimed under G.S.
The amount of the credit is equal to a percentage of the qualifying clean energy DRS15248-MCf-163 Page 15 General Assembly Of North Carolina Session 2025 manufacturer's cumulative amount of income taxes for the taxable year for a number of years, as follows:
The amount of the credit is equal to a percentage of the qualifying clean energy Senate Bill 546-First Edition Page 15 General Assembly Of North Carolina Session 2025 manufacturer's cumulative amount of income taxes for the taxable year for a number of years, as follows:
(2) A job is located in a county if more than fifty percent (50%) of the employee's duties are performed in the county.
(2) A job is located in a countyif more than fiftypercent (50%) of the employee's duties are performed in the county.
If the taxpayer places eligible business property in service at a location over the course of more than one Page 16 DRS15248-MCf-163 General Assembly Of North Carolina Session 2025 year, the applicable threshold for each subsequent taxable year is reduced by the eligible investment amount for the previous taxable years.
If the taxpayer places eligible business property in service at a location over the course of more than one Page 16 Senate Bill 546-First Edition General Assembly Of North Carolina Session 2025 year, the applicable threshold for each subsequent taxable year is reduced by the eligible investment amount for the previous taxable years.
The eligible investment amount is the lesser of (i) the cost of the property and (ii) the amount by which the cost of all of the real property the taxpayer is using in this State in an eligible business on the last day of the taxable year exceeds the cost of all of the real property the taxpayer was using in this State in an eligible business on the last day of the base year.
The eligible investment amount is the lesser of (i) the cost of the property and (ii) the amount by which the cost of all of the real property the taxpayer is using in this State in an eligible business on the last day of the taxable year exceeds the cost of all of the real propertythe taxpayer was using in this State in an eligible business on the last day of the base year.
In the case of property that is leased, the cost of the property is considered to be the taxpayer's lease payments for the years for which the credit is given, plus any expenditures made by the taxpayer to improve the property before it is used by the taxpayer if the expenditures are not reimbursed or credited by the lessor.
In the case of propertythat is leased, the cost of the property is considered to be the taxpayer's lease payments for the years for which the credit is given, plus any expenditures made by the taxpayer to improve the property before it is used by the taxpayer if the expenditures are not reimbursed or credited by the lessor.
(4) If, in one of the years in which the credit remains, the property with respect to which the credit was claimed is no longer used in clean energy manufacturing, the credit expires and the taxpayer is not allowed the credit in any years remaining.
(4) If, in one of the years in which the credit remains, the property with respect to which the credit was claimed is no longer used in clean energymanufacturing, the credit expires and the taxpayer is not allowed the credit in any years remaining.
DRS15248-MCf-163 Page 17
Senate Bill 546-First Edition Page 17
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Action History

  1. Passed 1st Reading

  2. Ref To Com On Rules and Operations of the Senate

  3. Filed

Sponsors

Sponsorship breakdown

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1 sponsors · 4 co-sponsors · 174 not signed on

Sponsors (1)

Co-sponsors (4)

Not signed on (174)

174 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

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taxation environment labor education energy
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Frequently asked questions

Who sponsors SB 546?
SB 546 is sponsored by Joyce Waddell (Democratic), Natalie S. Murdock (Democratic), DeAndrea Salvador (Democratic), Caleb Theodros (Democratic), and Kandie D. Smith (Democratic).
What is the current status of SB 546?
This bill is in committee in the Senate. Introduced March 25, 2025. It must pass committee before a floor vote.
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