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Changes the advanced manufacturing investment tax credit to apply only to facilities whose primary purpose is making semiconductors, semiconductor manufacturing equipment, or qualifying semiconductor materials. It requires Treasury (the Secretary) together with the Commerce Secretary to publish and maintain a list of qualifying "semiconductor materials," allows taxpayers to petition for determinations about materials not on the list, and makes the change effective for property placed in service after enactment.
SEMI Investment Act
Read twice and referred to the Committee on Finance.
Introduced May 7, 2025 by Marsha Blackburn · Last progress May 7, 2025