Vote Smart's Synopsis:

Vote to pass a bill that amends state law regarding nuclear energy in Wisconsin.

Highlights:

• Requires all new installed capacities of energy generations to be based on renewable energy resources whenever technologically and economically feasible (Sec. 1).

• Requires state agencies or local governments to rely as much as possible on energy efficiency improvements and renewable energy if they are technically and economically feasible (Sec. 3). 

• Specifies the term "renewable resources” includes nuclear energy resources (Sec. 6).

• Establishes a $10,000 annual tax credit for the first ten years for claimant nuclear energy facilities (Sec. 9).

• Establishes a $9,000 tax credit for the 11th year for claimant nuclear energy facilities with the amount depreciating by $1,000 dollars annually for claimant facilities, with credits concluding in the 19th year (Sec. 9).

• Requires facilities claiming the tax credit to be nuclear energy facilities within the state that have produced energy during the tax year (Sec. 9).

• Prohibits facilities from claiming the tax incentives past the 19th tax year (Sec. 9).

• Requires a state commission to prepare a report by June 1, 2026 stating whether or not 10% of energy consumed in the state is from low-carbon-emission energy and to generate a plan for how this goal will be achieved if not already met (Sec. 26).

Full Bill Text