HR 3068
115th Congress
House
Taxation
Income tax credits
Manufacturing
Research and development
Invent and Manufacture in America Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 27, 2017
Referred to the House Committee on Ways and Means.
Jun 27, 2017
Introduced in House
Plain-English summary
Invent and Manufacture in America Act
This bill amends the Internal Revenue Code, with respect to the research tax credit, to allow an increased credit for qualified domestic manufacturers. A "qualified domestic manufacturer" is a taxpayer who has domestic production gross receipts that are more than 50% of total gross receipts.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1