Chip Makers Find Out How to Get 25% Investment Tax Credit
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Chip Makers Find Out How to Get 25% Investment Tax Credit
The Biden administration moved to implement the new 25% investment tax credit for U.S.-based manufacturing and proposed restrictions that would make it difficult for companies to expand China operations if they receive certain federal funds. On March 21, the Treasury Department proposed regulations to help manufacturers determine whether they can claim the investment tax credit and the rules offer definitions for several key terms in the law.
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