This week, the Michigan House passed legislation seeking to drive investment in advanced nuclear and hydrogen energy in Michigan. The goal of the proposal is to cement the state’s position as a global leader in the development of next-generation nuclear technologies.
Key Points:
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- House Bills 4124-4129 were sponsored by a bipartisan group of legislators.
- The legislation provides targeted tax credits for research, development, and power generation.
- It creates higher education grants to help Michigan’s colleges and universities develop specialized workforce training programs.
- It provides grants for workers who complete these programs and choose to build their careers in Michigan.
- The legislation introduces a production tax credit to ensure that the companies pioneering this technology do it in Michigan.
Next Steps:
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- The legislation was referred to the Senate Energy and Environment Committee for consideration.
