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Disapproval of Advanced Manufacturing Production Tax Credit Rule

The U.S. Congress aims to invalidate a new tax rule concerning the Advanced Manufacturing Production Credit. If this resolution passes, the rule introducing this credit will not take effect, potentially impacting advanced manufacturing companies and their investment strategies.
Key points
Congress seeks to block a new tax credit for advanced manufacturing companies.
If the resolution passes, companies will not be able to claim this credit, potentially affecting their costs and business decisions.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 118_HJRES_222
Sponsor: Rep. Palmer, Gary J. [R-AL-6]
Process start date: 2024-11-18
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Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Internal Revenue Service relating to "Advanced Manufacturing Production Credit".

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HJRES_222.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-11-18.

What are the main provisions?

Key points include:

  • Congress seeks to block a new tax credit for advanced manufacturing companies.
  • If the resolution passes, companies will not be able to claim this credit, potentially affecting their costs and business decisions.
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 Rep. Palmer, Gary J. [R-AL-6].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

CATEGORIES

Taxes Economy