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Tax credits for chip design: boosting US semiconductor technology investment

This Act introduces new tax credits for companies engaged in semiconductor (chip) design within the United States. The goal is to incentivize greater investment in domestic research and development of advanced technologies. While the benefits target businesses, the overall aim is to strengthen American technological manufacturing and potentially create new, high-wage jobs.
Key points
Companies designing chips in the US can deduct 25% of qualified design expenditures from their taxes (investment credit).
The credit covers in-house costs (wages, supplies) and contract expenses, provided the design work is conducted within the United States.
Support is focused on designing new or improved functions, performance, and reliability of semiconductors, excluding routine testing or cosmetic changes.
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Additional Information
Print number: 118_HR_9183
Sponsor: Rep. Moore, Blake D. [R-UT-1]
Process start date: 2024-07-30
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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

STAR Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_9183.

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 2024-07-30.

What are the main provisions?

Key points include:

  • Companies designing chips in the US can deduct 25% of qualified design expenditures from their taxes (investment credit).
  • The credit covers in-house costs (wages, supplies) and contract expenses, provided the design work is conducted within the United States.
  • Support is focused on designing new or improved functions, performance, and reliability of semiconductors, excluding routine testing or cosmetic changes.
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. Moore, Blake D. [R-UT-1].

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 2025-12-26.

CATEGORIES

Taxes Economy Public Investments