Trump Tax Bill to Boost Biden's Semiconductor Tax Credit to 30%

Trump tax bill to boost Biden's semiconductor tax credit to 30%

The Senate's draft tax bill calls for temporarily increasing an investment credit for semiconductor manufacturers, enhancing a subsidy for chipmakers to build factories in the US.

Trump Tax Bill to Boost Biden’s Semiconductor Tax Credit to 30%

The Senate’s draft tax bill calls for temporarily increasing an investment credit for semiconductor manufacturers, enhancing a subsidy for chipmakers to build factories in the US.

Senate draft tax bill raises chip factory credit to 30%

The Senate’s draft tax bill is set to raise the tax credit for semiconductor manufacturers to 30% for factory investments. This is up from the current 25%.  This change encourages chip manufacturers to invest more in new facilities before the tax benefit runs out at the end of 2026.  It will also boost a subsidy for chipmakers to build factories in the US. Chip makers count on the Senate for the fate of the Chips Act President Joe Biden signed t…

Trump tax bill to boost Biden’s semiconductor tax credit to 30%

The Senate’s draft tax bill calls for temporarily increasing an investment credit for semiconductor manufacturers, enhancing a subsidy for chipmakers to build factories in the US.

The US Senate's draft tax bill would raise the CHIPS Act's tax credit for semiconductor factories from 25% to 30% until the tax break expires at the end of 2026

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