Blog: 10/25/24
New Tax Rules Provide Manufacturers a Clear Path Forward in Revitalizing U.S. Chip Production
by Molly O’Leary, Director of Government Affairs
On Tuesday, the U.S. Department of Treasury and the Internal Revenue Service (IRS) issued the much-anticipated final regulations for the Advanced Manufacturing Investment Credit (AMIC), the 25% investment tax credit enacted by the CHIPS and Science Act (CHIPS Act). The credit, codified in Section 48D of the tax code, is a core component of the […]
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