A council tasked with examining nuclear energy recommended creating a new tax credit to attract more of the sector to Tennessee.
The Tennessee Nuclear Energy Advisory Council report also recommends lawmakers include nuclear energy on the list of industries eligible for the Certified Green Energy Production Facilities tax break to grow the supply chain.
"Including nuclear energy production facilities in this list would acknowledge the role of nuclear power in providing clean, reliable energy, and provide a financial boost to Tennessee’s nuclear industry by granting them the same tax benefits as other renewable energy sectors," the report said.
A new dedicated jobs tax credit would be offered to companies creating jobs and making capital investments. It is needed because nuclear energy projects are not offered a specific tax credit, the report said.
