Increased Tax Credit for US Semiconductor Manufacturing Investments
This act increases the tax credit for companies investing in advanced semiconductor manufacturing in the United States. The goal is to encourage more domestic production of crucial electronic components, potentially leading to job creation and economic strengthening.
Key points
The tax credit for semiconductor manufacturing investments is increased from 25% to 35%.
The credit period is extended until the end of 2030, giving companies more time to plan investments.
These changes apply to properties placed in service after the act's enactment, meaning new investments can benefit from these preferences.
Introduced
Citizen Poll