An AI model extracted this from the bill’s official record and can make mistakes. Check the official text ↗ (opens in new tab)

Internal Revenue Code of 1986

The official collection of tax laws for the United States, which the Treasury Department and IRS use to interpret and enforce federal tax regulations.

Advanced Manufacturing Investment Credit

A special tax reduction available to companies that invest money in building or expanding facilities to manufacture high-tech products, specifically semiconductors.

Property placed in service

The point in time when a piece of equipment, a building, or another asset is ready and available for its intended use, typically when it can start generating revenue or contributing to operations.

Enactment

The process by which a bill officially becomes a law after passing both chambers of Congress and being signed by the President, or otherwise becoming law without a presidential signature.

Semiconductor

A material, like silicon, that conducts electricity better than an insulator but not as well as a pure conductor. These materials are fundamental to making computer chips and other electronic components.