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Tax credits for domestic investment and production of infant formula.

This act introduces two new tax credits designed to encourage companies to build and expand facilities manufacturing infant formula within the United States. The goal is to increase domestic supply and enhance food security for families. Companies can receive a 25% credit on investment costs for new facilities and an additional production credit of $1.50 per pound of formula manufactured.
Key points
Establishes a 25% investment tax credit for the construction or modernization of domestic infant formula manufacturing facilities.
Introduces an additional production tax credit of $1.50 per pound of formula manufactured and sold in the U.S., primarily targeting smaller companies.
The changes aim to strengthen the supply chain and reduce the risk of formula shortages, directly impacting the security of families with young children.
Credits are available to companies with total global revenues not exceeding $750 million (for the investment credit) or $500 million (for the production credit).
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Additional Information
Print number: 118_HR_8971
Sponsor: Rep. Nunn, Zachary [R-IA-3]
Process start date: 2024-07-09
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

INFANT Tax Credit Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_8971.

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 2024-07-09.

What are the main provisions?

Key points include:

  • Establishes a 25% investment tax credit for the construction or modernization of domestic infant formula manufacturing facilities.
  • Introduces an additional production tax credit of $1.50 per pound of formula manufactured and sold in the U.S., primarily targeting smaller companies.
  • The changes aim to strengthen the supply chain and reduce the risk of formula shortages, directly impacting the security of families with young children.
  • Credits are available to companies with total global revenues not exceeding $750 million (for the investment credit) or $500 million (for the production 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. Nunn, Zachary [R-IA-3].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

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