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Tax Credit for Reshoring Critical Supply Chains (Medicine, Chips)

This law establishes a major 40% tax credit for companies that invest in building new manufacturing facilities for critical goods, such as pharmaceuticals, medical devices, and semiconductors, in U.S. territories like Puerto Rico. The goal is to strengthen the domestic supply chain, ensuring stable access to essential products and reducing reliance on foreign nations. Companies can receive this credit as a direct cash payment, making the incentive highly valuable.
Key points
Provides a 40% tax credit for investments in new factories producing essential items like drugs, medical equipment, and semiconductors.
The incentive applies specifically to facilities located in U.S. possessions to boost local economies and supply security.
Companies can choose to receive the credit as a direct cash payment instead of just a tax reduction, making the incentive highly valuable.
Increases the tax credit for taxes paid to U.S. possessions from 80% to 100%, further encouraging manufacturing relocation.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_1328
Sponsor: Rep. Malliotakis, Nicole [R-NY-11]
Process start date: 2025-02-13
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Supply Chain Security and Growth Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_1328.

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 2025-02-13.

What are the main provisions?

Key points include:

  • Provides a 40% tax credit for investments in new factories producing essential items like drugs, medical equipment, and semiconductors.
  • The incentive applies specifically to facilities located in U.S. possessions to boost local economies and supply security.
  • Companies can choose to receive the credit as a direct cash payment instead of just a tax reduction, making the incentive highly valuable.
  • Increases the tax credit for taxes paid to U.S. possessions from 80% to 100%, further encouraging manufacturing relocation.
What is the specific legal status?

The current status is Introduced.

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. Malliotakis, Nicole [R-NY-11].

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 2025-12-23.

CATEGORIES

Taxes Economy Health