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HR 2970 114th Congress House

Rebuilding American Manufacturing Act of 2015

Official title: To amend the Internal Revenue Code of 1986 to reduce the rate of tax on domestic manufacturing income to 20 percent.

Introduced: July 8, 2015 See on congress.gov
Taxation Business investment and capitalIncome tax deductionsIncome tax ratesManufacturing
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) 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
Jul 8, 2015
Referred to the House Committee on Ways and Means.
Jul 8, 2015
Introduced in House
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 Latest action July 8, 2015

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Rebuilding American Manufacturing Act of 2015

Amends the Internal Revenue Code to allow taxpayers engaged in domestic manufacturing in the United States a tax deduction equal to 50.5% (43% for C corporations) of the lesser of their domestic manufacturing income or their taxable income for the taxable year (thus effectively reducing their income tax rate to approximately 20%). Limits the amount of such deduction to 25% of such taxpayer's qualifying domestic investment (defined as the sum of the taxpayer's W-2 wages and certain allowable tax deductions, excluding any amounts not properly allocable to the taxpayer's domestic manufacturing gross receipts).

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 3
D
Davis, Danny K.
Illinois · Jul 8, 2015
 D
Larson, John B.
Connecticut · Jul 8, 2015
 D
Neal, Richard E.
Massachusetts · Jul 8, 2015
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2970: Rebuilding American Manufacturing Act of 2015. 114th Congress. Open America. https://openamerica.io/bill/114-HR-2970/
MLA
"H.R. 2970: Rebuilding American Manufacturing Act of 2015." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-2970/.
Bluebook (legal)
H.R. 2970, 114th Cong. (2026), https://openamerica.io/bill/114-HR-2970/.
Markdown link
[H.R. 2970: Rebuilding American Manufacturing Act of 2015](https://openamerica.io/bill/114-HR-2970/)
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