0
0
0
Made in the U.S.A. Act
3/18/2024, 10:21 PM
Congressional Summary of HR 7458
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 $2,500, for products made in the United States. An expenditure for any product may not exceed $500 and excludes firearms, ammunition, alcohol, tobacco, vehicles, gasoline, luxury goods, food, or non-depreciable real property. The expenditure limit is increased to $1,000 for Energy Star or climate resilience products.
Read the Full Bill
Current Status of Bill HR 7458
Bill HR 7458 is currently in the status of Bill Introduced since February 26, 2024. Bill HR 7458 was introduced during Congress 118 and was introduced to the House on February 26, 2024. Bill HR 7458's most recent activity was Referred to the House Committee on Ways and Means. as of February 26, 2024
Bipartisan Support of Bill HR 7458
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
2Democrat Cosponsors
2Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 7458
Primary Policy Focus
TaxationAlternate Title(s) of Bill HR 7458
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
Comments
Sponsors and Cosponsors of HR 7458
Latest Bills
National Law Enforcement Officers Remembrance, Support, and Community Outreach Act
Bill HR 309August 21, 2026
National Oceanic and Atmospheric Administration Sexual Harassment and Assault Prevention Improvements Act of 2025
Bill HR 2406August 21, 2026
No Antisemitism in Education Act of 2026
Bill HR 8476August 21, 2026
Chesapeake Bay Watershed Advancement for Training, Education, Restoration, and Science (WATERS) Act
Bill HR 6893August 21, 2026
To provide for the equitable settlement of certain Indian land disputes regarding land in Illinois, and for other purposes.
Bill HR 2827August 21, 2026
Local Communities & Bird Habitat Stewardship Act of 2026
Bill HR 3276August 21, 2026
To reauthorize the Young Women’s Breast Health Education and Awareness Requires Learning Young Act of 2009.
Bill HR 4541August 20, 2026
Stop Insider Trading Act
Bill HR 7008August 20, 2026
National Defense Authorization Act for Fiscal Year 2027
Bill HR 8800August 20, 2026
Main Street Capital Access Act
Bill HR 6955August 20, 2026