HR 3068 · 115th Congress · Taxation
Invent and Manufacture in America Act
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2017-06-27)
Plain Language Summary
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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.…
Summarized by Claude AI · Non-partisan · For informational purposes only