Sponsors (25)
The bill channels tax credits, grants, training, and R&D coordination to rebuild U.S. PCB/substrate manufacturing and workforce—boosting supply‑chain resilience and jobs—while imposing federal fiscal costs, new compliance burdens, and regulatory uncertainty that could slow projects and leave import‑reliant firms without benefits.
U.S. manufacturers, workers, and consumers benefit from stronger domestic PCB and substrate production as the bill incentivizes onshoring and strengthens supply‑chain resilience for critical electronics.
Domestic manufacturers and buyers of printed circuit boards and substrates receive a 25% tax credit (as part of the general business credit), lowering equipment and input costs and allowing businesses to offset income tax liability.
Small businesses and manufacturers gain access to federal grants and awards to build or modernize U.S. PCB and substrate facilities, reducing upfront capital barriers to expanding domestic production.
All taxpayers face increased federal cost: the combination of refundable/offset tax credits and up to $3 billion in authorized spending could reduce federal revenue or increase deficits over time.
Small businesses and award recipients face new administrative, reporting, and compliance burdens (including strict information sharing and clawbacks) that can raise costs and complicate program participation.
Businesses face uncertainty and investment risk because funding can be denied or clawed back based on national‑security determinations, which may exclude some firms and deter private investment.
Based on analysis of 3 sections of legislative text.
Creates a 25% business tax credit for U.S.-fabricated printed circuit boards and substrates and authorizes a Commerce program offering incentives for domestic PCB/microelectronics manufacturing and R&D.
Official title: To provide incentives for the domestic production of printed circuit boards, and for other purposes.
Introduced May 23, 2025 by Blake D. Moore · Last progress May 23, 2025
Creates a federal business tax credit equal to 25% of the costs for purchasing printed circuit boards and integrated circuit substrates fabricated in the United States, effective for amounts paid or incurred after December 31, 2025. Adds the credit to the general business credit and directs the Treasury Secretary to issue implementing guidance in coordination with Commerce. Directs the Commerce Department to stand up a program providing financial assistance and other incentives to build, expand, modernize, and support U.S. printed circuit board and microelectronics manufacturing and R&D. The program includes workforce training grants, R&D funding, property and other incentives, definitions of eligible entities, and cross-references to existing definitions for minority-serving institutions and foreign entities of concern.