Senate Bill 1293
115th Congress(2017-2018)
Invent and Manufacture in America Act
Introduced
Introduced in Senate on Jun 6, 2017
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
1293
Congress
115
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No Senate votes have been held for this bill.
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.
June 6, 2017
06/06/2017
Read twice and referred to the Committee on Finance.
06/06/2017
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:37:39 PM