House Bill 7458 - Made in the U.S.A. Act

Purpose and Summary

Chamber: House

Introduced date: 2024-02-26

Recent Activity

Referred to the House Committee on Ways and Means.

Alternative Names

Made in the U.S.A. Act

To amend the Internal Revenue Code of 1986 to establish the Made in the U.S.A. tax credit.

Made in the U.S.A. Act

Associated Legislation

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Policy Areas

Taxation

Potential Impact

Sponsors and Supporters

Rep. Khanna, Ro [D-CA-17]

Cosponsors and Supporters

Rep. Grijalva, Raúl M. [D-AZ-7]

Rep. Krishnamoorthi, Raja [D-IL-8]

Committees and Subcommittees

Ways and Means Committee

Variations and Revisions

Made in the U.S.A. Act

3/18/2024, 10:21 PM

Made in the U.S.A. Act

This bill allows certain individual taxpayers whose adjusted gross income does not exceed $125,000 ($250,000 in the case of a joint return) a tax credit for 30% of their expenditures, not exceeding...

Congress
118

Number
HR - 7458

Introduced on
2024-02-26

# Amendments
0

Sponsors
+5

Cosponsors
+5

Variations and Revisions

2/26/2024

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Made in the U.S.A. Act

This bill allows certain individual taxpayers whose adjusted gross income does not exceed $125,000 ($250,000 in the case of a joint return) a tax credit for 30% of their expenditures, not exceeding...

Alternative Names
Official Title as IntroducedTo amend the Internal Revenue Code of 1986 to establish the Made in the U.S.A. tax credit.

Policy Areas
Taxation

Comments

Recent Activity

Latest Summary3/18/2024

Made in the U.S.A. Act

This bill allows certain individual taxpayers whose adjusted gross income does not exceed $125,000 ($250,000 in the case of a joint return) a tax credit for 30% of their expenditures, not exceeding...


Latest Action2/26/2024
Referred to the House Committee on Ways and Means.