Details of Public Law 119-21, section 70510 , One Big Beautiful Bill Act

The provision modifies the eligibility of taxpayers who can claim the zero-emission nuclear power production credit to exclude specified foreign entities for taxable years beginning after July 4, 2025. Additionally, foreign-influenced entities are ineligible for the tax credit for taxable years beginning on or after July 4, 2027.

California does not conform to the zero-emission nuclear power production credit. As a result, California does not conform to the changes made by this provision.