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Made in the U.S.A. Tax Credit: Supporting Domestic Production

This new act introduces a tax credit for individuals purchasing selected products made in the USA. This aims to encourage citizens to support the domestic economy through their purchases, potentially impacting the availability and prices of local goods. The credit is designed to reduce tax burdens for consumers who choose American-made products.
Key points
You can receive a tax credit of up to $2,500 ($5,000 for married couples) for purchasing "Made in USA" products.
The credit covers 30% of the purchase price of eligible products, with a maximum product price of $500 ($1,000 for energy-efficient or climate resilience products).
Income limitations apply: Your annual income cannot exceed $125,000 ($250,000 for married couples), and capital gains net income cannot exceed $20,000 ($40,000 for married couples).
Certain products, such as firearms, alcohol, tobacco, vehicles, gasoline, food, and luxury goods, are excluded from the credit.
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Expired
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Additional Information
Print number: 118_HR_7458
Sponsor: Rep. Khanna, Ro [D-CA-17]
Process start date: 2024-02-26
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Made in the U.S.A. Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_7458.

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 2024-02-26.

What are the main provisions?

Key points include:

  • You can receive a tax credit of up to $2,500 ($5,000 for married couples) for purchasing "Made in USA" products.
  • The credit covers 30% of the purchase price of eligible products, with a maximum product price of $500 ($1,000 for energy-efficient or climate resilience products).
  • Income limitations apply: Your annual income cannot exceed $125,000 ($250,000 for married couples), and capital gains net income cannot exceed $20,000 ($40,000 for married couples).
  • Certain products, such as firearms, alcohol, tobacco, vehicles, gasoline, food, and luxury goods, are excluded from the credit.
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. Khanna, Ro [D-CA-17].

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 2025-12-25.

CATEGORIES

Taxes Economy