Computer Chip Manufacturing: Tax Credit Extension and Expansion
A house committee must act next: committee consideration.
The bill has support from both parties and focuses on a popular topic, but it must compete with many other tax priorities in a busy Congress.
Scores run from -100 (strongly harmful) to +100 (strongly beneficial) for each group, combining impact, certainty, scope, and duration ratings of 1-5. How impact scoring works
Building new or expanded semiconductor and materials manufacturing facilities typically relies on unionized construction trades, and operating the finished plants creates skilled manufacturing jobs. Extending the credit through 2031 and widening it to materials suppliers is likely to sustain construction and production activity that supports these union jobs over a longer period.
“Section 48D(e) of such Code is amended by striking ``December 31, 2026'' and inserting ``December 31, 2031''.”
Referred to the House Committee on Ways and Means.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
US lawmakers have introduced the SEMI Investment Act to extend tax incentives for the semiconductor manufacturing sector through 2031. The bill specifically focuses on supporting critical materials suppliers to ensure supply chain stability and encourage domestic manufacturing growth.
The Strengthening Essential Manufacturing and Industrial Investment Act (SEMI Investment Act) has been introduced in the House. It would extend the Advanced Manufacturing Investment Tax Credit (Section 48D) through 2031 and clarify that critical materials suppliers are eligible.
The U.S. House of Representatives introduced the SEMI Investment Act. If passed, it would extend the advanced manufacturing tax credit to U.S. producers of semiconductor materials, including substrates, thin films, and process chemicals, to secure the electronics ecosystem.
No votes recorded for this bill yet.
Document Type
Congressional Bill
Official Title
SEMI Investment Act
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