Summary: S.1293 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for S.1293. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (06/06/2017)

Invent and Manufacture in America Act

This bill amends the Internal Revenue Code, with respect to the research tax credit, to allow an increased credit for qualified domestic manufacturers. A "qualified domestic manufacturer" is a taxpayer who has domestic production gross receipts that are more than 50% of total gross receipts.