HR 1328 · 119th CongressIn Committeecongress.gov ↗

Supply Chain Security and Growth Act of 2025

What this bill does

AI plain-language summary

This bill creates a tax credit for companies that invest in building or upgrading facilities in U.S. territories like Puerto Rico, Guam, American Samoa, the Northern Mariana Islands, or the Virgin Islands, as long as those facilities make things like drugs, medical products, semiconductors, aerospace equipment, or certain other items. The credit covers 40% of the investment cost, and companies can transfer the credit to others or receive it as a direct cash payment. The bill also increases a separate tax credit from 80% to 100% for income taxes that certain foreign-controlled companies pay to U.S. territories. Companies connected to prohibited foreign entities are not allowed to use the investment credit.

Introduced

February 13, 2025

Policy Area

Taxation

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