SEMI Investment Act

This bill changes the federal tax credit for investing in advanced manufacturing facilities. It expands the credit to cover facilities whose main purpose is making semiconductor materials, in addition to semiconductors and semiconductor manufacturing equipment. It defines which materials count, such as substrates, process chemicals, and packaging materials, and requires the Treasury, working with the Commerce Department, to publish and update a yearly list of qualifying materials. It also lets taxpayers ask the Treasury whether a material not on the list qualifies, and extends the deadline for starting construction on eligible facilities from the end of 2026 to the end of 2031.

Full text and official record on Congress.gov

Sponsors

• Brian K. Fitzpatrick Republican sponsor
• 11 cosponsors