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Session ends 2026-12-31
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MI·Bill·2025-2026 Regular Session
HB 4128
Corporate income tax: credits; credit for advanced small modular reactor generated power; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding sec. 678. TIE BAR WITH: HB 4127'25, HB 4129'25, HB 4125'25, HB 4126'25, HB 4124'25
Introduced 2025-02-25Last action 2025-10-30 — Referred To Committee On Energy And EnvironmentCommittee Energy And Environment
Sponsor
Greg VanWoerkomR
Cosponsors
Samantha Steckloff(D)Karl Bohnak(R)Jason Woolford(R)David Prestin(R)Douglas Wozniak(R)Joey Andrews(D)Brian BeGole(R)Mike McFall(D)Bill Schuette(R)Gregory Alexander(R)Jamie Thompson(R)Joseph Aragona(R)William Bruck(R)
Legislative Progress
✓
Introduced
✓
In Committee
✓
Passed Chamber
4
Enacted / Signed
Votes
Summary
This bill creates a corporate income tax credit for Michigan businesses that generate electricity using advanced nuclear technology, including small modular reactors and power upgrades to existing nuclear facilities. Companies can claim $1.00 per kilowatt-hour of electricity produced and sold, but the credit is limited to the first 10 years of operation and the first 10,000 megawatt-hours produced at each facility. The main purpose is to incentivize investment in advanced nuclear energy production in Michigan by reducing the tax burden on companies that use these newer, safer reactor technologies to generate power.
Note
Historical import. Session: 2025-2026
Full Bill Text
https://legislature.mi.gov/Home/GetObject?objectName=2025-HCVBH-4128-0N295.pdf