What does Preamble of HR 802 do?

This bill proposes to amend the Internal Revenue Code of 1986. The amendment would add qualified semiconductor design expenditures to the advanced manufacturing investment credit.

What does SHORT TITLE. of HR 802 do?

This bill is formally titled the Semiconductor Technology Advancement and Research Act of 2025.

What does QUALIFIED SEMICONDUCTOR DESIGN EXPENDITURES ADDED TO ADVANCED of HR 802 do?

This section amends Section 48D of the Internal Revenue Code of 1986, relating to the Advanced Manufacturing Investment Credit. It introduces a new credit for qualified semiconductor design expenditures, offering a 25% credit for these expenses. Qualified semiconductor design expenditures include in-house and contract design expenses conducted in the United States. The definition of 'qualified semiconductor design' includes the development of product design for semiconductor manufacturing, provided it meets specific experimental purposes. The credit for qualified semiconductor design expenditures is terminated after December 31, 2036. The rules for aggregating expenditures are similar to those in section 41(f)(1).

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STAR Act of 2025 — HR. 802

Last updated: 1/28/2025 · Introduced: 1/28/2025

Author: Blake Moore (R-UT)

TL;DR (AI)

This bill amends the Internal Revenue Code to create a 25% tax credit for qualified semiconductor design expenditures incurred in the United States.
Qualified semiconductor design expenditures include in-house and contract design expenses related to semiconductor manufacturing, meeting specific experimental purposes.
The semiconductor design tax credit is set to expire on December 31, 2036.

119th Congressin committeeOfficial page

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Includes provisions on preamble, short title., and 1 more.

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