HR 3495
112th Congress
House
Taxation
Advanced technology and technological innovations
Advisory bodies
Economic performance and conditions
Income tax credits
Manufacturing
Market Based Manufacturing Incentives Act of 2011
Introduced: November 18, 2011
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 18, 2011
Referred to the House Committee on Ways and Means.
Nov 18, 2011
Introduced in House
Plain-English summary
Market Based Manufacturing Incentives Act of 2011 - Amends the Internal Revenue Code to allow a tax credit for the purchase (during a specified period of between 5 and 10 years based on the incentive needed with respect to each product) of new products certified as assembled in the United States and consisting of at least 60% of components assembled or otherwise arising in the United States.
Establishes the 21st Century American Manufacturing Commission to conduct research to designate products eligible for the tax credit allowed by this Act.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1