Expansion of advanced manufacturing production credit to include distribution transformers and large power transformers

(a) In general Section 45X of the Internal Revenue Code of 1986 is amended— (1) in subsection (b)(1)— (A) in subparagraph (L)(ii), by striking and at the end, (B) in subparagraph (M), by striking the period at the end and inserting, and, and (C) by adding at the end the following new subparagraph: (N) in the case of any distribution transformer or large power transformer, an amount equal to 10 percent of the costs incurred by the taxpayer with respect to production of such transformer., and (2) in subsection (c)— (A) in paragraph (1)(A)— (i) in clause (iv), by striking and at the end, (ii) in clause (v), by striking the period at the end and inserting, and, and (iii) by adding at the end the following new clause: (vi) any distribution transformer or large power transformer., and (B) by adding at the end the following new paragraph: (7) Transformers (A) Distribution transformer The term distribution transformer has the same meaning given such term under section 321(35) of the Energy Policy and Conservation Act (42 U.S.C. 6291(35)). (B) Large power transformer The term large power transformer means a device that functions to transfer electrical energy between 2 or more circuits through electromagnetic induction at the same or different voltage levels within and among the bulk-power system (as defined in section 215(a) of the Federal Power Act (16 U.S.C. 824o(a))).. (b) Effective date The amendments made by this section shall apply to components produced and sold after the date which is 90 days after the date of enactment of this Act.