119-HR3204
BASIC ACT
Last action was on 5-5-2025
SenateCurrent status is Introduced in House
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119th CONGRESS
1st Session
H. R. 3204
1. Short title2. Increase of advanced manufacturing investment credit1. Short title
This Act may be cited as the "Building Advanced Semiconductors Investment Credit Act" or "BASIC ACT".
2. Increase of advanced manufacturing investment credit
(a) Credit increase - Section 48D(a) of the Internal Revenue Code of 1986 is amended by striking "25 percent" and inserting "35 percent".
(b) Credit period extension - Section 48D(e) of such Code is amended by striking "December 31, 2026" and inserting "December 31, 2030".
(c) Effective date - The amendments made by this section shall apply to property placed in service after the date of the enactment of this Act.