Tax Credits for US Semiconductor Manufacturing Investment
This act introduces new tax credits for companies investing in semiconductor manufacturing in the United States. The goal is to boost domestic production of critical electronic components, potentially impacting the availability and cost of many everyday products, from cars to phones.
Key points
Companies building or upgrading semiconductor manufacturing facilities can receive a 25% tax credit on their investment costs.
The credit also applies to the purchase of machinery and equipment essential for semiconductor production.
Option to receive a direct payment instead of a tax deduction, simplifying investment financing.
Changes apply to investments made after December 31, 2021.
Expired
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