HB6762: Protecting American Advanced Manufacturing Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
To amend the Internal Revenue Code of 1986 to disallow companies associated with foreign adversaries from receiving the advanced manufacturing production credit.
Plain-language summary
This bill would change federal tax law to prevent companies connected to foreign adversaries from claiming the advanced manufacturing production credit. The advanced manufacturing credit gives tax breaks to companies that make semiconductors, solar panels, and other advanced products in the US. Foreign adversaries likely means countries like China, Russia, and Iran that the US government considers hostile. The bill would affect manufacturers receiving these tax credits and is currently in the early introduction stage.
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HB6762: Protecting American Advanced Manufacturing Act
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Sponsors
Carol Miller
Primary SponsorCo-sponsors (10)
Greg Murphy
Michelle Fischbach
John Moolenaar
Elizabeth Van Duyne
John Curtis