Expands the advanced manufacturing investment credit to include materials integral to semiconductor manufacturing.
The Strengthening Essential Manufacturing and Industrial Investment Act amends the Internal Revenue Code to expand the advanced manufacturing investment credit. This expansion includes materials integral to semiconductor manufacturing, such as photolithography materials, cleaning agents, and testing equipment. The bill defines direct and indirect production materials and requires the Secretary of the Treasury to publish a list of qualifying materials annually. The changes apply to property placed in service after the enactment of the Act.
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