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Support for Semiconductor Manufacturing: New Tax Credits for Businesses.

This act expands tax credits for companies manufacturing semiconductors, now including materials essential for their production. The goal is to strengthen domestic production of key electronic components, potentially leading to greater availability and lower prices for products containing these technologies in the future.
Key points
Companies producing semiconductors and related materials can receive increased tax credits.
The act specifies which materials (direct and indirect) qualify for credits, supporting the entire supply chain.
The government will publish lists of qualifying materials, making it easier for businesses to utilize the new provisions.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_1642
Sponsor: Sen. Blackburn, Marsha [R-TN]
Process start date: 2025-05-07
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Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

SEMI Investment Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_1642.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-05-07.

What are the main provisions?

Key points include:

  • Companies producing semiconductors and related materials can receive increased tax credits.
  • The act specifies which materials (direct and indirect) qualify for credits, supporting the entire supply chain.
  • The government will publish lists of qualifying materials, making it easier for businesses to utilize the new provisions.
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 Sen. Blackburn, Marsha [R-TN].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

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 Public Investments