Summary: H.R.3702 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for H.R.3702. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (09/07/2017)

Manufacturing Economic Recovery Act of 2017

This bill amends the Internal Revenue Code to allow: (1) a manufacturing recovery tax credit for investment in manufacturing real and tangible personal property used in the United States, including an increased credit for manufacturing property located in an economically disadvantaged area or an extremely economically disadvantaged area; (2) an additional investment tax credit for manufacturing property; and (3) a permanent work opportunity tax credit for hiring a full-time employee in a manufacturing facility located in the United States (manufacturing recovery employee), including an increased credit for hiring individuals receiving unemployment compensation.