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Rule. "Advanced Manufacturing Investment Credit Rules Under Sections 48D and 50" Federal Register 89, no. 205 (October 23, 2024): 84732-84763. https://www.govinfo.gov/app/details/FR-2024-10-23/2024-23857.
Office of the Federal Register, National Archives and Records Administration. (). 89 FR 84732 - Advanced Manufacturing Investment Credit Rules Under Sections 48D and 50. [Government]. Office of the Federal Register, National Archives and Records Administration. https://www.govinfo.gov/app/details/FR-2024-10-23/2024-23857
Office of the Federal Register, National Archives and Records Administration. 89 FR 84732 - Advanced Manufacturing Investment Credit Rules Under Sections 48D and 50. Office of the Federal Register, National Archives and Records Administration, , https://www.govinfo.gov/app/details/FR-2024-10-23/2024-23857
Office of the Federal Register, National Archives and Records Administration, Advanced Manufacturing Investment Credit Rules Under Sections 48D and 50, govinfo, (October 23, 2024), https://www.govinfo.gov/app/details/FR-2024-10-23/2024-23857.
Close xFederal Register Volume 89, Issue 205 (October 23, 2024)
Regulatory Information
Federal Register
AE 2.7:
GS 4.107:
AE 2.106:
Office of the Federal Register, National Archives and Records Administration
Rules and Regulations
Final rule.
Effective date: These regulations are effective on December 23, 2024.
Concerning these final regulations, contact Lani Sinfield of the Office of Associate Chief Counsel (Passthroughs and Special Industries), (202) 317-4137 (not a toll-free number).
This document contains final regulations to implement the advanced manufacturing investment credit established by the CHIPS Act of 2022 to incentivize the manufacture of semiconductors and semiconductor manufacturing equipment within the United States. The final regulations adopt with certain modifications rules proposed in the first of two notices of proposed rulemaking to implement the credit, other than proposed rules regarding the elective payment election that were addressed in the final rule adopted in connection with the second notice of proposed rulemaking. The final regulations provide the eligibility requirements for the credit, and a special 10- year credit recapture rule that applies if there is a significant transaction involving the material expansion of semiconductor manufacturing capacity in a foreign country of concern. The final regulations affect taxpayers that claim the advanced manufacturing investment credit.
DEPARTMENT OF THE TREASURY
Internal Revenue Service
84732-84763
89 FR 84732
1545-BQ54
26 CFR 1
Income Taxes and Reporting and Recordkeeping Requirements
TD 10009
2024-23857