United States Congress
To amend the Internal Revenue Code of 1986 to restrict the advanced manufacturing production credit with respect to components produced by, or in connection with, foreign entities of concern.
August 9, 2024
Summary
H.R. 9338 would amend Section 45X of the Internal Revenue Code to deny the advanced manufacturing production credit for eligible components produced by a foreign entity of concern, and to exclude from the definition of 'qualifying battery component' any battery component produced using technology designed, developed, manufactured, licensed, or supplied by a foreign entity of concern, as defined in 15 U.S.C. 4651(8). The amendments would apply to components produced and sold after enactment. This is a federal tax-credit matter that does not impose any obligations on mortgage lenders, brokers, servicers, or other housing-finance entities.
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Source: https://www.congress.gov/bill/118th-congress/hr-bill/9338
Common questions
- What does "To amend the Internal Revenue Code of 1986 to restrict the advanced manufacturing production credit with respect to components produced by, or in connection with, foreign entities of concern." cover?
- H.R. 9338 would amend Section 45X of the Internal Revenue Code to deny the advanced manufacturing production credit for eligible components produced by a…
- Which agency issued this update?
- This update was issued by United States Congress.
- When was it published?
- It was published on August 9, 2024.