Rebuilding American Manufacturing Act of 2017
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Rebuilding American Manufacturing Act of 2017
This bill 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%). The bill 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).
Referred to the House Committee on Ways and Means.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 2534: Rebuilding American Manufacturing Act of 2017. 115th Congress. Open America. https://openamerica.io/bill/115-HR-2534/
"H.R. 2534: Rebuilding American Manufacturing Act of 2017." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-2534/.
H.R. 2534, 115th Cong. (2026), https://openamerica.io/bill/115-HR-2534/.
[H.R. 2534: Rebuilding American Manufacturing Act of 2017](https://openamerica.io/bill/115-HR-2534/)