22 October 2024 Final regulations released on IRC Section 48D advanced manufacturing investment credit The IRS and Treasury Department have issued final regulations (TD 10009) implementing the advanced manufacturing investment credit (AMIC), added under the CHIPS Act of 2022 to create incentives for businesses that produce semiconductors and semiconductor manufacturing equipment in the United States. The final regulations adopt the proposed regulations with modifications. A Tax Alert is forthcoming.
Document ID: 2024-1938 | ||