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.
Income tax creditsManufacturingResearch and development
To amend the Internal Revenue Code of 1986 to enhance the research credit for domestic manufacturers.
USA115th CongressHR-3068| House
| Updated: 6/27/2017
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.