[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S. 5604 Introduced in Senate (IS)]

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118th CONGRESS
  2d Session
                                S. 5604

   To amend the Internal Revenue Code of 1986 to expand the advanced 
 manufacturing investment credit to include materials integral to the 
    manufacturing of semiconductors or semiconductor manufacturing 
                               equipment.


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                   IN THE SENATE OF THE UNITED STATES

            December 19 (legislative day, December 16), 2024

  Mrs. Blackburn (for herself, Mr. Bennet, Mr. Tillis, and Mr. Coons) 
introduced the following bill; which was read twice and referred to the 
                          Committee on Finance

_______________________________________________________________________

                                 A BILL


 
   To amend the Internal Revenue Code of 1986 to expand the advanced 
 manufacturing investment credit to include materials integral to the 
    manufacturing of semiconductors or semiconductor manufacturing 
                               equipment.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Strengthening Essential 
Manufacturing and Industrial Investment Act'' or the ``SEMI Investment 
Act''.

SEC. 2. EXPANSION OF ADVANCED MANUFACTURING INVESTMENT CREDIT.

    (a) In General.--Paragraph (3) of section 48D(b) of the Internal 
Revenue Code of 1986 is amended to read as follows:
            ``(3) Advanced manufacturing facility.--The term `advanced 
        manufacturing facility' means a facility for which the primary 
        purpose is the manufacturing of--
                    ``(A) semiconductors,
                    ``(B) semiconductor manufacturing equipment, or
                    ``(C) materials primarily used for, and integral 
                to, the manufacturing of semiconductors or 
                semiconductor manufacturing equipment.''.
    (b) Effective Date.--The amendment made by this section shall take 
effect as if included in section 107 of the CHIPS Act of 2022 (Public 
Law 117-167).
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