An AI model extracted this from the bill’s official record and can make mistakes. Check the official text ↗ (opens in new tab)

Internal Revenue Code of 1986

The official set of laws that govern federal taxes in the United States, administered by the Internal Revenue Service (IRS).

Advanced Manufacturing Investment Credit

A tax credit that reduces a company's tax bill for investments made in facilities that produce certain high-tech goods, specifically semiconductors or semiconductor manufacturing equipment.

Semiconductors

Also known as computer chips, these are small electronic components that are essential for nearly all modern electronic devices, from computers and phones to cars and appliances.

Semiconductor Materials

Specialized substances and components used in the manufacturing process of semiconductors. These can either become part of the final chip (direct materials) or be used to facilitate its production (indirect materials).

Direct Production Material

A material that is primarily used for, and integral to, the production of a semiconductor and is physically incorporated into the finished computer chip, such as silicon wafers or certain bonding wires.

Indirect Production Material

A specialized material that is primarily used for, and integral to, the production, testing, inspection, or packaging of a semiconductor, but is not physically incorporated into the finished computer chip. Examples include process chemicals, photoresists, or cleaning agents.