US SB1293 | 2017-2018 | 115th Congress

Status

Sponsorship: Bipartisan Bill
Status: Introduced on June 6 2017 - 25% progression, died in committee
Action: 2017-06-06 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Invent and Manufacture in America Act This bill amends the Internal Revenue Code, with respect to the research tax credit, to allow an increased credit for qualified domestic manufacturers. A "qualified domestic manufacturer" is a taxpayer who has domestic production gross receipts that are more than 50% of total gross receipts.

Tracking Information

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Title

Invent and Manufacture in America Act

Sponsors


History

DateChamberAction
2017-06-06SenateRead twice and referred to the Committee on Finance.

Same As/Similar To

HB3068 (Same As) 2017-06-27 - Referred to the House Committee on Ways and Means.

Subjects


US Congress State Sources


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