Sponsors (26)
Establishes a 25% business tax credit for U.S.-fabricated printed circuit boards and creates a Commerce program to incentivize domestic PCB/substrate 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
The bill trades meaningful federal support to rebuild domestic PCB/substrate manufacturing, workforce training, and R&D—strengthening supply-chain resilience and helping many U.S. firms—against substantial federal costs, new administrative burdens, and uncertainty for some recipients.
U.S. electronics manufacturers, workers, and downstream buyers gain stronger domestic PCB/substrate production as the bill incentivizes onshoring, strengthening supply-chain resilience and manufacturing jobs.
Domestic manufacturers and buyers of printed circuit boards and substrates receive a 25% tax credit on qualifying purchases, lowering equipment and input costs and improving business cash flow.
Small businesses and manufacturers can access grants and awards to build or modernize U.S. PCB/substrate facilities, reducing upfront capital barriers for expansion or new plants.
All taxpayers face higher federal costs from the combination of a new business tax credit and up to $3 billion in authorized appropriations, which could increase deficits or crowd out other spending.
Small firms and other businesses that rely on imported PCBs/substrates receive no direct benefit from the onshoring incentives and credits, leaving them relatively disadvantaged on costs.
Recipients and applicants face substantial administrative and compliance burdens from new regulatory definitions, Treasury/Commerce rulemaking, reporting requirements, clawbacks, and information-sharing obligations.
Based on analysis of 3 sections of legislative text.
Creates a 25% business tax credit for purchases of printed circuit boards and integrated circuit substrates that are fabricated in the United States and adds that credit to the general business credits. Establishes definitions and a Department of Commerce program to provide financial assistance and other incentives (such as workforce training grants, R&D funding, and real property concessions) to build, expand, modernize, or support U.S. PCB and integrated circuit substrate manufacturing and research. The bill directs Treasury to issue regulations in consultation with Commerce, adopts statutory definitions for covered entities and incentives, cross-references existing federal definitions for small businesses, minority- and veteran-owned firms, HBCUs and other minority-serving institutions, and uses national-security–oriented definitions for foreign entities of concern. The tax credit is effective for amounts paid or incurred after December 31, 2025.