HR 9183
STAR Act of 2024
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- Passed House
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Bill overview
The Semiconductor Technology Advancement and Research Act of 2024 (STAR Act) modifies the existing advanced manufacturing investment credit to include qualified semiconductor design expenditures. This means companies that invest in designing semiconductors within the United States, either internally or through contractors, can now claim a tax credit for those expenses. The bill defines ‘qualified semiconductor design expenditures’ and clarifies how these costs are calculated, aiming to incentivize domestic semiconductor design and manufacturing.
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