Sec. 2. Tax credit for the purchase or acquisition of printed circuit boards & integrated circuit substrates manufactured in the united states
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Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 45Z the following new section: For the purposes of section 38, the credit determined under this section for the taxable year is an amount equal to 25 percent of the cost paid or incurred by the taxpayer for the purchase or acquisition of printed circuit boards and Integrated Circuit Substrates fabricated in the United States for the taxable year. For the purposes of this section— The term printed circuit board has the meaning given such term in section 3(a) of the Protecting Circuit Boards and Substrates Act.
The term fabricated means the use of raw materials to manufacture a connected composite structure featuring electrically conductive and non-conductive elements by subtractive, additive, or other technique. The term integrated circuit substrate means a thin composite structure of layered electrically conductive materials and organic electrically non-conductive materials that electrically connects integrated circuits to an underlying structure, including a printed circuit board.
The Secretary shall, in consultation with the Secretary of Commerce, promulgate such regulations and guidance as may be necessary or appropriate to carry out this section. . The table of sections for subpart D of part IV of subchapter A of chapter 1 of such Code is amended by inserting after the item relating to section 45Z the following new item: Sec. 45AA. Credit for the purchase or acquisition of printed circuit boards fabricated in the United States. . Section 38(b) of the Internal Revenue Code of 1986 is amended— in paragraph (37), by striking plus , in paragraph (38), by striking the period at the end and inserting , plus , and by adding at the end the following new paragraph: the credit for the purchase or acquisition of printed circuit boards fabricated in the United States determined under section 45AA. .
The amendments made by this section shall apply to amounts paid or incurred after December 31, 2025.