HR 615
113th Congress
House
Taxation
Advanced technology and technological innovations
Advisory bodies
Economic performance and conditions
Income tax credits
Manufacturing
Market Based Manufacturing Incentives Act of 2013
Introduced: February 12, 2013
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 12, 2013
Referred to the House Committee on Ways and Means.
Feb 12, 2013
Introduced in House
Plain-English summary
Market Based Manufacturing Incentives Act of 2013 - 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. Directs the Congressional Budget Office (CBO) to report to Congress on the economic effects of such credit.
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
Cosponsors
1