119-hr3204

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3204 Introduced in House

    (IH) ]

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119th CONGRESS
 1st Session
 H. R. 3204

 To amend the Internal Revenue Code of 1986 to increase the advanced 
 manufacturing investment credit, and for other purposes.

_______________________________________________________________________

 IN THE HOUSE OF REPRESENTATIVES

 May 5, 2025

 Ms. Tenney (for herself, Mr. Suozzi, Ms. Malliotakis, Mr. Langworthy, 
 Mr. Fitzpatrick, Mr. Morelle, Mr. Mannion, Mr. Tonko, Mr. Carey, Mr. 
 Kennedy of New York, Mr. Riley of New York, Mr. Horsford, Ms. Balint, 
 Mr. Simpson, Mr. Subramanyam, Mrs. Kiggans of Virginia, Mrs. Kim, Mr. 
 Lawler, Mr. Khanna, and Ms. Stefanik) introduced the following bill; 
 which was referred to the Committee on Ways and Means

_______________________________________________________________________

 A BILL

 To amend the Internal Revenue Code of 1986 to increase the advanced 
 manufacturing investment credit, and for other purposes.

 Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

 This Act may be cited as the ``Building Advanced Semiconductors 
Investment Credit Act'' or ``BASIC ACT''.

SEC. 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.
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