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S 1651 113th Congress Senate Taxation Business investment and capital Income tax deductions Income tax exclusion Manufacturing

Manufacturing Reinvestment Account Act of 2013

Introduced: November 5, 2013 Introduced by: Blumenthal, Richard Democratic · Connecticut See on congress.gov
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This bill died when the 113th Congress ended
It never became law before the 113th Congress (2013–2014) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 5, 2013
Read twice and referred to the Committee on Finance.
Nov 5, 2013
Introduced in Senate
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 Plain-English summary Congressional Research Service

Manufacturing Reinvestment Account Act of 2013 - Amends the Internal Revenue Code to establish tax-exempt manufacturing reinvestment accounts (MRAs) for taxpayers engaged in a manufacturing business. Allows such manufacturers to make tax deductible cash payments into an MRA of the lesser of their domestic manufacturing gross receipts for the taxable year or $500,000. Permits expenditures from an MRA for expenses for property to be used in the manufacturing business and expenses for employee job training and workforce development. Imposes a 10% tax on amounts in an MRA that are not distributed within 7 years. Terminates the tax deduction for payments to an MRA 10 years after the enactment of this Act.

What's happening now November 5, 2013

Read twice and referred to the Committee on Finance.

 Related & companion bills 1
  • HR 1737 Identical bill Manufacturing Reinvestment Account Act of 2013
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Murphy, Christopher
Connecticut · Nov 5, 2013
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1651: Manufacturing Reinvestment Account Act of 2013. 113th Congress. Open America. https://openamerica.io/bill/113-S-1651/
MLA
"S. 1651: Manufacturing Reinvestment Account Act of 2013." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-S-1651/.
Bluebook (legal)
S. 1651, 113th Cong. (2026), https://openamerica.io/bill/113-S-1651/.
Markdown link
[S. 1651: Manufacturing Reinvestment Account Act of 2013](https://openamerica.io/bill/113-S-1651/)
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