Referred to the House Committee on Ways and Means.
This bill amends Internal Revenue Code section 48D to add "qualified semiconductor design expenditures" to the advanced manufacturing investment credit. It allows an eligible taxpayer a 25% credit for qualified in-house and contract semiconductor design expenditures, defines eligible activities and exclusions, disallows double-counting with the R&D credit (section 41), and sets a termination date of December 31, 2036.
Progressives emphasize worker safeguards and equity provisions
Relative to its intended legislative type, this bill is a well-specified amendment to the Internal Revenue Code that clearly defines the credit expansion, eligible expenditures, exclusions, timing, and interactions with existing credits, but it omits fiscal-impact acknowledgement and formal reporting or oversight provisions.
This bill amends Internal Revenue Code section 48D to add "qualified semiconductor design expenditures" to the advanced manufacturing investment credit.
It allows an eligible taxpayer a 25% credit for qualified in-house and contract semiconductor design expenditures, defines eligible activities and exclusions, disallows double-counting with the R&D credit (section 41), and sets a termination date of December 31, 2036.
The amendment is effective for amounts paid or incurred after enactment and includes aggregation and startup-related rules and a conforming change to section 56A(c)(9).
Technocratic, industry-friendly credit increases plausibility, but uncertain fiscal impact and need for legislative packaging reduce standalone odds.
Relative to its intended legislative type, this bill is a well-specified amendment to the Internal Revenue Code that clearly defines the credit expansion, eligible expenditures, exclusions, timing, and interactions with existing credits, but it omits fiscal-impact acknowledgement and formal reporting or oversight provisions.
Progressives emphasize worker safeguards and equity provisions
These are examples from the analysis, not a ranked list of the most-affected groups.
Progressives emphasize worker safeguards and equity provisions
Generally supportive of measures that boost domestic semiconductor R&D and manufacturing capacity, but cautious about expanding corporate tax subsidies without labor and equity safeguards.
Would want assurances that benefits flow to workers, small firms, and supply-chain resilience rather than only to large incumbents.
Supports the anti-double-dip rule but seeks stronger accountability and reporting requirements.
Pragmatically favorable: the bill targets a concrete gap (design expenditures) in manufacturing incentives and complements existing CHIPS-era policy.
Appreciates anti-double-counting and the 2036 sunset, but will want cost estimates, clear administrative rules, and oversight to limit abuse.
Mixed but cautiously positive: supports measures improving domestic semiconductor capability and pro-business tax treatment, while concerned about expanding targeted tax credits and long-term fiscal impact.
Prefers limited, market-based incentives and would press for offsets and strict eligibility to avoid corporate welfare.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Technocratic, industry-friendly credit increases plausibility, but uncertain fiscal impact and need for legislative packaging reduce standalone odds.
The bill has not accumulated any surfaced votes yet.
Progressives emphasize worker safeguards and equity provisions
Technocratic, industry-friendly credit increases plausibility, but uncertain fiscal impact and need for legislative packaging reduce standa…
Relative to its intended legislative type, this bill is a well-specified amendment to the Internal Revenue Code that clearly defines the credit expansion, eligible expenditures, exclusions, timing, and interactions with…
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