To amend the Internal Revenue Code of 1986 to restrict the advanced manufacturing production credit with respect to components produced by, or in connection with, foreign entities of concern.
This bill disallows the advanced manufacturing production tax credit for components, including battery components, produced by, or in connection with, foreign entities of concern (e.g., terrorist organizations).
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Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Introduced in House
Referred to the House Committee on Ways and Means.
Taxation
To amend the Internal Revenue Code of 1986 to restrict the advanced manufacturing production credit with respect to components produced by, or in connection with, foreign entities of concern.
USA118th CongressHR-9338| House
| Updated: 8/9/2024
This bill disallows the advanced manufacturing production tax credit for components, including battery components, produced by, or in connection with, foreign entities of concern (e.g., terrorist organizations).