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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.
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Status:
Expired
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Additional Information
Print number: 117_S_2107
Sponsor: Sen. Wyden, Ron [D-OR]
Process start date: 2021-06-17
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

FABS Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_2107.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-06-17.

What are the main provisions?

Key points include:

  • 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.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Wyden, Ron [D-OR].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Taxes Economy Public Investments