I 
116TH CONGRESS 
2D SESSION 
H. R. 7172 
To amend the Internal Revenue Code of 1986 to establish a tax credit 
for installation of regionally significant electric power transmission lines. 
IN THE HOUSE OF REPRESENTATIVES 
JUNE 11, 2020 
Mr. HORSFORD (for himself and Mrs. LEE of Nevada) introduced the 
following bill; which was referred to the Committee on Ways and Means 
A BILL 
To amend the Internal Revenue Code of 1986 to establish 
a tax credit for installation of regionally significant elec-
tric power transmission lines. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Electric Power Infra-
structure Improvement Act’’. 
SEC. 2. ESTABLISHMENT OF ELECTRIC POWER TRANS-
MISSION LINES. 
(a) IN GENERAL.—Subpart E of part IV of sub-
chapter A of chapter 1 of the Internal Revenue Code of 
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1986 is amended by inserting after section 48C the fol-
lowing new section: 
‘‘SEC. 48D. QUALIFYING ELECTRIC POWER TRANSMISSION 
LINE CREDIT. 
‘‘(a) ALLOWANCE OF CREDIT.— 
‘‘(1) IN GENERAL.—For purposes of section 46, 
the qualifying electric power transmission line credit 
for any taxable year is an amount equal to the appli-
cable percentage of the qualified investment for such 
taxable year with respect to any qualifying electric 
power transmission line property of the taxpayer. 
‘‘(2) APPLICABLE PERCENTAGE.—For purposes 
of paragraph (1), the applicable percentage shall be 
equal to— 
‘‘(A) in the case of any qualifying electric 
power transmission line property relating to an 
overhead transmission facility, 15 percent, and 
‘‘(B) in the case of any qualifying electric 
power transmission line property relating to an 
underground or submarine transmission facility, 
25 percent. 
‘‘(b) QUALIFYING INVESTMENT.— 
‘‘(1) IN GENERAL.—For purposes of subsection 
(a), the qualified investment for any taxable year is 
the basis of any qualifying electric power trans-
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mission line property placed in service by the tax-
payer during such taxable year. 
‘‘(2) CERTAIN QUALIFIED PROGRESS EXPENDI-
TURES RULES MADE APPLICABLE.—Rules similar to 
the rules of subsections (c)(4) and (d) of section 46 
(as in effect on the day before the enactment of the 
Revenue Reconciliation Act of 1990) shall apply for 
purposes of this section. 
‘‘(c) QUALIFYING ELECTRIC POWER TRANSMISSION 
LINE PROPERTY.—The term ‘qualifying electric power 
transmission line property’ means— 
‘‘(1) any overhead, submarine, or underground 
transmission facility which— 
‘‘(A) is capable of transmitting electricity 
at a voltage of not less than 345 kilovolts, 
‘‘(B) has a transmission capacity of not 
less than 1,000 megawatts, 
‘‘(C) is an alternating current or direct 
current transmission line, and 
‘‘(D) delivers power produced in either a 
rural area or offshore, and 
‘‘(2) 
any 
conductors 
or 
cables, 
towers, 
insulators, reactors, capacitors, circuit breakers, 
static VAR compensators, static synchronous com-
pensators, power converters, transformers, syn-
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chronous condensers, braking resistors, and any an-
cillary facilities and equipment necessary for the 
proper operation of the facility described in para-
graph (1). 
‘‘(d) TERMINATION.—This section shall not apply to 
any property placed in service after December 31, 2029.’’. 
(b) CONFORMING AMENDMENTS.— 
(1) Section 46 of the Internal Revenue Code of 
1986 is amended— 
(A) by striking ‘‘and’’ at the end of para-
graph (5), 
(B) by striking the period at the end of 
paragraph (6) and inserting ‘‘, and’’, and 
(C) by adding at the end the following new 
paragraph: 
‘‘(7) the qualifying electric power transmission 
line credit.’’. 
(2) Section 49(a)(1)(C) of such Code is amend-
ed— 
(A) by striking ‘‘and’’ at the end of clause 
(iv), 
(B) by striking the period at the end of 
clause (v) and inserting ‘‘, and’’, and 
(C) by adding at the end the following new 
clause: 
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