Supporting US Printed Circuit Board Production: Tax Credits and Grants
This act aims to boost printed circuit board production in the United States. It introduces tax credits for companies purchasing US-made printed circuit boards and establishes a grant program for building and developing manufacturing facilities in the US. This is intended to strengthen national security and the economy, creating new jobs.
Key points
Companies buying US-manufactured printed circuit boards can receive a 25% tax credit.
Federal grants are available for constructing, expanding, or modernizing printed circuit board facilities in the US.
Preferences for grants are given to small businesses, minority-owned, women-owned, and veteran-owned businesses, as well as those partnering with educational institutions for workforce training.
Funds cannot be provided to foreign entities of concern regarding national security.
Clawback mechanisms are in place for project delays or engagement in joint research with foreign entities of concern.
Expired
Additional Information
Print number: 117_HR_7677
Sponsor: Rep. Eshoo, Anna G. [D-CA-18]
Process start date: 2022-05-06