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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.
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Status: Introduced
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Additional Information
Print number: 119_S_1642
Sponsor: Sen. Blackburn, Marsha [R-TN]
Process start date: 2025-05-07