,i  #aac? ,,congress  #a/ ,session  ,h4 
,r4 #fae  ,,9 ,,! ,,h\se ,,(            
,,repres5tatives  ,febru>y #ab1 #bjac   
,mr4 ,honda 7= himself1 ,mr4 ,cicill9e1 
,mr4 ,cony]s1 ,mr4 ,grijalva1 & ,mr4    
,mi*aud7 introduc$ ! foll[+ bill2 :i* 0 
ref]r$ to ! ,committee on ,ways & ,means
  ,a ,,bill  ,to am5d ! ,int]nal ,rev5ue
 ,code ( #aihf to provide m>ket-bas$    
manufactur+ inc5tives1 & = o!r purposes4
  #a4 ,%ort title ,?is ,act may be cit$ 
z ! ,m>ket ,bas$ ,manufactur+ ,inc5tives
 ,act ( #bjac4  #b4 ,cr$it = retail     
pur*ase ( c]ta9 dome/ic products  7a7 ,9
 g5]al ,subp>t ,b ( "p ,,iv ( sub*apt]  
,a ( *apt] #a ( ! ,int]nal ,rev5ue ,code
 ( #aihf is am5d$ by add+ at ! end !    
foll[+ new section3  #cj;,e4 ,dome/ic   
manufactur+ consum] cr$it  7a7 ,all[ance
 ( cr$it ,!re %all be all[$ z a cr$it   
aga9/ ! tax impos$ by ?is *apt] = any   
taxable ye> an am\nt equal to !         
applicable p]c5tage ( ! aggregate am\nt 
paid or incurr$ by ! taxpay] = specifi$ 
products dur+ any portion su* taxable   

ye> :i* is "p ( ! eligible p]iod4  7b7  
,applicable p]c5tage2 eligible p]iod ,= 
purposes ( ?is section--  7#a7          
,applicable p]c5tage ,! t]m applicable  
p]c5tage means1 ) respect to any        
specifi$ product1 ! p]c5tage 7n less ?an
 #e p]c5t nor m ?an #bj p]c5t7 det]m9$  
by ! ,commission "u subsection 7e77#d7 )
 respect to su* product4  7#b7 ,eligible
 p]iod ,! t]m eligible p]iod means1 )   
respect to any specifi$ product1 ! p]iod
 7n less ?an #e ye>s nor m ?an #aj ye>s7
 det]m9$ by ! ,commission "u subsection 
7e77#e7 ) respect to su* product4  7#c7 
,sep>ate application to ea* specifi$    
product ,subsection 7a7 %all be appli$  
sep>ately ) respect to ea* ( ! specifi$ 
products designat$ "u subsection 7e74   
7c7 ,specifi$ product ,= purposes ( ?is 
section--  7#a7 ,9 g5]al ,! t]m specifi$
 product means any designat$ dome/ic    
product--  7,a7 ! orig9al use ( :i*     
comm5ces ) ! taxpay]1 &  7,b7 :i* is    
acquir$ by ! taxpay] = use or lease1 b n
 = resale4  7#b7 ,designat$ dome/ic     

product ,! t]m designat$ dome/ic product
 means any designat$ product :i* has be5
 c]tifi$ by ! ,secret>y z--  7,a7 hav+  
be5 assembl$ 9 ! ,unit$ ,/ates1 &  7,b7 
consi/+ at lea/ #fj p]c5t ( compon5ts   
assembl$ or o!rwise aris+ 9 ! ,unit$    
,/ates4  7#c7 ,designat$ product ,! t]m 
designat$ product means ! #aj products  
designat$ by ! ,secret>y1 9 consultation
 ) ! ,commission1 "u subsection 7e74    
7d7 ,application ) o!r cr$its  7#a7     
,bus9ess cr$it treat$ z "p ( g5]al      
bus9ess cr$it ,s mu* ( ! cr$it :i* w\ld 
be all[$ "u subsection 7a7 = any taxable
 ye> 7det]m9$ )\t reg>d to ?is          
subsection7 t is attributable to prop]ty
 us$ by ! taxpay] 9 ! conduct ( a trade 
or bus9ess %all be treat$ z a cr$it li/$
 9 section #ch7;b7 = su* taxable ye> 7& 
n all[$ "u subsection 7a774  7#b7       
,p]sonal cr$it ,= purposes ( ?is title1 
! cr$it all[$ "u subsection 7a7 = any   
taxable ye> 7det]m9$ aft] application ( 
p>agraph 7#a77 %all be treat$ z a cr$it 
all[able "u subp>t ,a = su* taxable ye>4

  7e7 ,selection ( designat$ products   
7#a7 ,9 g5]al ,! ,secret>y1 9           
consultation ) ! ,commission1 %all      
designate #aj products = purposes ( ?is 
section4  7#b7 ,eligible products ,a    
product %all n be eligible = designation
 "u ?is section unless--  7,a7 su*      
product repres5ts a te*nological        
innovation1 &  7,b7 ! designation ( su* 
product has ! pot5tial to produce       
sub/antial long-t]m job opportunities 9 
! ,unit$ ,/ates4  7#c7 ,crit]ia =       
designation ,9 mak+ designations (      
products "u ?is subsection1 ! ,secret>y 
%all take into consid]ation--  7,a7 !   
numb] ( jobs 9 ! ,unit$ ,/ates t !      
,secret>y e/imates w result 7directly & 
indirectly7 f ! designation ( su*       
product1 &  7,b7 ! spe$ ) :i* su* jobs  
are likely to be creat$4  7#d7          
,det]m9ation ( cr$it p]c5tage ,!        
,secret>y1 9 consultation ) !           
,commission1 %all det]m9e ! applicable  
p]c5tage :i* applies = purposes (       
subsection 7a7 ) respect to ea* product 

designat$ "u ?is subsection4 ,su*       
p]c5tage %all n be less ?an #e p]c5t &  
%all n be m ?an #bj p]c5t4 ,su* p]c5tage
 %all be det]m9$ on ! basis ( ! inc5tive
 ne$$ ) respect to ea* su* product tak+ 
into acc\nt ! m>ket factors ) respect to
 su* product4  7#e7 ,det]m9ation ( p]iod
 dur+ :i* cr$it all[$ ,! ,secret>y1 9   
consultation ) ! ,commission1 %all      
det]m9e ! eligible p]iod :i* applies =  
purposes ( subsection 7a7 ) respect to  
ea* product designat$ "u ?is subsection4
 ,su* p]iod %all n be less ?an #e ye>s &
 %all n be m ?an #aj ye>s4 ,su* p]iod   
%all be det]m9$ on ! basis ( ! inc5tive 
ne$$ ) respect to ea* su* product tak+  
into acc\nt ! m>ket factors ) respect to
 su* product4  7f7 ,o!r def9itions &    
special rules ,= purposes ( ?is         
section--  7#a7 ,commission ,! t]m      
,commission means ! #ba/ ,c5tury        
,am]ican ,manufactur+ ,commission       
e/abli%$ "u section #c ( ! ,m>ket ,bas$ 
,manufactur+ ,inc5tives ,act ( #bjac4   
7#b7 ,r$uction 9 basis ,= purposes ( ?is

 subtitle1 ! basis ( any prop]ty = :i* a
 cr$it is all[able "u subsection 7a7    
%all be r$uc$ by ! am\nt ( su* cr$it s  
all[$ 7det]m9$ )\t reg>d to subsection  
7d774  7#c7 ,no d\ble b5efit ,! am\nt ( 
any d$uction or o!r cr$it all[able "u   
?is *apt] ) respect to any prop]ty %all 
be r$uc$ by ! am\nt ( ! cr$it all[$ "u  
subsection 7a7 = su* prop]ty 7det]m9$   
)\t reg>d to subsection 7d774  7#d7     
,prop]ty us$ by tax-exempt entity ,9 !  
case ( prop]ty ^: use is describ$ 9     
p>agraph 7#c7 or 7#d7 ( section #ej7;b7 
& :i* is n subject to a lease1 ! p]son  
:o sold su* prop]ty to ! p]son or entity
 us+ su* prop]ty %all be treat$ z !     
taxpay] t plac$ su* vehicle 9 s]vice1 b 
only if su* p]son cle>ly discloses to   
su* p]son or entity 9 a docum5t ! am\nt 
( any cr$it all[able "u subsection 7a7 )
 respect to su* prop]ty 7det]m9$ )\t    
reg>d to subsection 7d774 ,= purposes ( 
subsection 7d71 prop]ty to :i* ?is      
p>agraph applies %all be treat$ z       
prop]ty us$ by ! taxpay] 9 ! conduct ( a

 trade or bus9ess4  7#e7 ,prop]ty us$   
outside ,unit$ ,/ates1 etc41 n qualifi$ 
,no cr$it %all be all[able "u subsection
 7a7 ) respect to any prop]ty ref]r$ to 
9 section #ej7;b77#a74  7#f7 ,recapture 
,! ,secret>y %all1 by regulations1      
provide = recaptur+ ! b5efit ( any cr$it
 all[able "u subsection 7a7 ) respect to
 any prop]ty :i* ceases to be prop]ty   
eligible = su* cr$it 7includ+ recapture 
9 ! case ( a lease p]iod ( less ?an !   
economic life ( ! prop]ty74  7#g7       
,election to n take cr$it ,no cr$it %all
 be all[$ "u subsection 7a7 = any       
vehicle if ! taxpay] elects to n h ?is  
section apply to su* prop]ty4  7g7      
,t]m9ation ,?is section %all n apply to 
prop]ty acquir$ aft] ! date :i* is #aj  
ye>s aft] ! date ( ! enactm5t ( ?is     
section4  4  7b7 ,con=m+ am5dm5ts  7#a7 
,section #ch7;b7 ( su* ,code is am5d$ by
 /rik+ plus at ! end ( p>agraph 7#ce71  
by /rik+ ! p]iod at ! end ( p>agraph    
7#cf7 & ins]t+ 1 plus1 & by add+ at !   
end ! foll[+ new p>agraph3  7#cg7 !     

portion ( ! dome/ic manufactur+ consum] 
cr$it to :i* section #cj;,e7d77#a7      
applies4  4  7#b7 ,section #ajaf7;a7 (  
su* ,code is am5d$ by /rik+ & at ! end (
 p>agraph 7#cf71 by /rik+ ! p]iod at !  
end ( p>agraph 7#cg7 & ins]t+ 1 &1 & by 
add+ at ! end ! foll[+ new p>agraph3    
7#ch7 to ! ext5t provid$ 9 section      
#cj;,e7f77#b74  4  7#c7 ,section        
#feja7m7 ( su* ,code is am5d$ by ins]t+ 
#cj;,e7f77#g71 aft] #cj;,d7e77#d714     
7#d7 ,! table ( sections = subp>t ,b (  
"p ,,iv ( sub*apt] ,a ( *apt] #a ( su*  
,code is am5d$ by add+ at ! end ! foll[+
 new item3  ,sec4 #cj;,e4 ,dome/ic      
manufactur+ consum] cr$it4  4  7c7 ,,cbo
 report ,! ,congressional ,budget ,(fice
 %all1 dur+ ! #c;d1 #e?1 & #g? ye>s aft]
 ! effective date ( ! dome/ic           
manufactur+ consum] cr$it 7describ$ 9   
subsection 7d771 report to ,congress on 
! economic effects ( su* cr$it4 ,su*    
report %all include ! aggregate value ( 
! dome/ic manufactur+ consum] cr$its    
det]m9$ ) respect to taxpay]s "u section

 #cj;,e ( ! ,int]nal ,rev5ue ,code (    
#aihf & an e/imate ( ! economic activity
 /imulat$ by su* cr$its4  7d7 ,effective
 date ,! am5dm5ts made by ?is section   
%all apply to prop]ty acquir$ aft] !    
date :i* is #a ye> aft] ! date on :i* ! 
#ba/ ,c5tury ,am]ican ,manufactur+      
,commission makes its recomm5dations to 
! ,secret>y ( ! ,treasury "u section    
#c7;b7 ( ?is ,act4  #c4 ,e/abli%m5t (   
#ba/ ,c5tury ,am]ican ,manufactur+      
,commission  7a7 ,9 g5]al ,!re is       
e/abli%$ a commission to be kn[n z !    
#ba/ ,c5tury ,am]ican ,manufactur+      
,commission4  7b7 ,duties ,! ,commission
 %all conduct rese>* reg>d+ appropriate 
products to make eligible = ! tax cr$it 
provid$ by section #cj;,e ( ! ,int]nal  
,rev5ue ,code ( #aihf & %all make       
recomm5dations to ! ,secret>y ( !       
,treasury reg>d+ :i* products %\ld be   
designat$ = purposes ( su* section & !  
applicable p]c5tage & eligible p]iod :i*
 %\ld be det]m9$ ) respect to ea* su*   
product4 ,! commission %all make su*    

recomm5dations to ! ,secret>y ( !       
,treasury n lat] ?an #f mon?s aft] !    
date ( ! enactm5t ( ?is ,act4  7c7      
,memb]%ip  7#a7 ,9 g5]al ,! ,commission 
%all be compos$ ( #aj memb]s :o %all be 
appo9t$ by ! ,secret>y ( ! ,treasury or 
8 designee n lat] ?an #cj days aft] !   
enactm5t ( ?is ,act4  7#b7 ,selection ,9
 det]m9+ :o to appo9t to ! ,commission1 
! ,secret>y ( ,treasury %all consid] a  
geographically div]se gr\p ( individuals
 ) exp]i5ce 9 ! areas (--  7,a7 manag+  
manufactur+ companies1 includ+ bus9esses
 ) few] ?an #ajj employees1  7,b7       
conduct+ manufactur+-relat$ rese>* &    
developm5t1  7,c7 comm]cialization (    
sci5tific innovation1  7,d7 manag+      
supply *a9 provid]s1  7,e7 f9ance1 &    
7,f7 analyz+ manufactur+ policy &       
economic competitiv5ess4  7#c7          
,political affiliation ,n m ?an #e      
memb]s may be ( ! same political p>ty4  
7#d7 ,t]ms ,ea* memb] %all be appo9t$ = 
! life ( ! ,commission4  7#e7 ,vacancies
 ,a vacancy 9 ! ,commission %all be     

fill$ 9 ! mann] 9 :i* ! orig9al         
appo9tm5t 0 made4  7#f7 ,pay ( memb]s   
7,a7 ,9 g5]al ,memb]s %all ea* be       
entitl$ to receive ! daily equival5t ( !
 maximum annual rate ( basic pay = grade
 ,,gs-#aa ( ! ,g5]al ,s*$ule = ea* day  
7includ+ travel "t7 dur+ :i* !y are     
engag$ 9 ! actual p]=mance ( duties ve/$
 9 ! ,commission4  7,b7 ,travel exp5ses 
,ea* memb] %all receive travel exp5ses1 
includ+ p] diem 9 lieu ( subsi/5ce1 9   
accordance ) applicable provisions "u   
sub*apt] ,i ( *apt] #eg ( title #e1     
,unit$ ,/ates ,code4  7#g7 ,prev5tion ( 
conflicts ( int]e/ & nepotism  7,a7     
,agreem5t ,! ,secret>y ( ! ,treasury    
%all n appo9t any individual to be a    
memb] ( ! ,commission unless su*        
individual has fir/ sign$ an agreem5t ) 
! ,secret>y to prev5t conflicts ( int]e/
 & nepotism4 ,su* agreem5t %all include 
a requirem5t t ! individual comply ) !  
provisions ( subp>agraph 7,b7 & %all    
include su* p5alties = failure to s     
comply z ! ,secret>y det]m9es           

appropriate4  7,b7 ,requirem5ts ,a memb]
 ( ! ,commission %all n1 dur+ ! #e-ye>  
p]iod beg9n+ on ! effective date ( !    
dome/ic manufactur+ consum] cr$it       
7describ$ 9 section #b7;d771 hold1      
directly or indirectly1 any int]e/ 9 any
 p]son associat$ ) any designat$        
product1 any compon5t ( any designat$   
product1 or any equipm5t to manufacture 
any su* product or compon5t4 ,an int]e/ 
held 9 any fund held by su* memb] %all  
be tak5 into acc\nt "u ! prec$+ s5t5ce  
unless su* fund is a broad-bas$ index   
fund4 ,any int]e/ held by su* memb]     
prior to ! beg9n+ ( su* #e-ye> p]iod :i*
 is n 7consi/5t ) ! requirem5ts ( ?is   
subp>agraph7 p]mitt$ to be held dur+ su*
 p]iod1 %all be dispos$ ( prior to su*  
p]iod4  7d7 ,*airp]son ,! ,*airp]son ( !
 ,commission %all be designat$ by !     
,secret>y ( ! ,treasury 7or 8 designee7 
at ! "t ( appo9tm5t4  7e7 ,/aff ,any    
/aff ( ! ,commission %all be appo9t$    
subject to ! provisions ( title #e1     
,unit$ ,/ates ,code1 gov]n+ appo9tm5ts 9

 ! competitive s]vice1 & %all be paid 9 
accordance ) ! provisions ( *apt] #ea & 
sub*apt] ,,iii ( *apt] #ec ( t title    
relat+ to classification & ,g5]al       
,s*$ule pay rates4  7f7 ,t]m9ation  7#a7
 ,9 g5]al ,except z provid$ 9 p>agraph  
7#b71 ! ,commission %all t]m9ate #cj    
days aft] mak+ recomm5dations to !      
,secret>y ( ! ,treasury describ$ 9      
subsection 7b74  7#b7 ,ext5sion ,at !   
reque/ ( ! ,secret>y ( ! ,treasury or 8 
designee1 ! ,commission %all cont9ue 9  
exi/5ce = su* p]iod z ! ,secret>y may   
reque/ b n lat] ?an #a ye> aft] mak+ su*
 recomm5dations4