,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #geid  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,july #ac1 #bjbj,mr4  
,posey introduc$ ! foll[+ bill2 :i* 0   
ref]r$ to ! ,committee on ,ways & ,means
  ,a ,,bill  ,to am5d ! ,int]nal ,rev5ue
 ,code ( #aihf to provide a tax cr$it = 
c]ta9 exp5ses ( mov+ manufactur+        
equipm5t f ,*9a to ! ,unit$ ,/ates1 & = 
o!r purposes4  #a4 ,%ort title ,?is ,act
 may be cit$ z ! ,re%or+ ,am]ican       
,manufactur+ ,act ( #bjbj or z ! ,,ram  
,act ( #bjbj4  #b4 ,cr$it = c]ta9       
exp5ses ( mov+ manufactur+ equipm5t f   
,*9a to ! ,unit$ ,/ates  7a7 ,9 g5]al   
,subp>t ,d ( "p ,,iv ( sub*apt] ,a (    
*apt] #a ( ! ,int]nal ,rev5ue ,code (   
#aihf is am5d$ by add+ at ! end ! foll[+
 new section3  #de,u4 ,manufactur+      
re%or+ cr$it  7a7 ,9 g5]al ,= purposes (
 section #ch1 ! manufactur+ re%or+ cr$it
 = any taxable ye> is ! applicable      
p]c5tage ( ! eligible re%or+ exp5ses    
paid or incurr$ by ! taxpay] dur+ su*   
taxable ye>4  7b7 ,limitation ,! cr$it  

det]m9$ "u subsection 7a7 ) respect to  
any taxpay] = any taxable ye> %all n    
exce$ #be1jjj1jjj4  7c7 ,applicable     
p]c5tage ,= purposes ( ?is section1 !   
t]m applicable p]c5tage means-- 7#a7 9 !
 case ( any taxable ye> beg9n+ 9 #bjbj  
or #bjba1 #ajj p]c5t1  7#b7 9 ! case (  
any taxable ye> beg9n+ 9 #bjbb1 #hj     
p]c5t1 &  7#c7 9 ! case ( any taxable   
ye> beg9n+ 9 #bjbc1 #fj p]c5t4  7d7     
,eligible re%or+ exp5ses ,= purposes (  
?is section-- 7#a7 ,9 g5]al ,! t]m      
eligible re%or+ exp5ses means1 ) respect
 to any taxpay]1 am\nts paid or incurr$ 
by su* taxpay] = ! transportation       
7includ+ any import duties1 fees1 or    
t>iffs impos$ ) respect to su*          
transportation7 ( qualifi$ manufactur+  
equipm5t f ,*9a to ! ,unit$ ,/ates4     
7#b7 ,qualifi$ manufactur+ equipm5t ,!  
t]m qualifi$ manufactur+ equipm5t means1
 ) respect to any taxpay]1 manufactur+  
equipm5t own$ by su* taxpay] :i*-- 7,a7 
be=e ! transportation ref]r$ to 9       
p>agraph 7#a7 0 us$ by su* taxpay] to   

manufacture tangible prop]ty 9 ,*9a1 &  
7,b7 aft] ! transportation ref]r$ to 9  
p>agraph 7#a7 is us$ by su* taxpay] to  
manufacture tangible prop]ty 9 ! ,unit$ 
,/ates4  7e7 ,recapture ,if any qualifi$
 manufactur+ equipm5t ) respect to :i* a
 cr$it 0 all[$ "u ?is section is        
transport$ outside ! ,unit$ ,/ates 7aft]
 transportation to ! ,unit$ ,/ates z    
describ$ 9 subsection 7d77 dur+ ! #c-ye>
 p]iod beg9n+ on ! date 7aft] su*       
transportation7 on :i* su* prop]ty is   
plac$ 9 s]vice by ! taxpay] 9 ! ,unit$  
,/ates1 ! tax impos$ "u ?is *apt] on su*
 taxpay] = ! taxable ye> :i* includes ! 
date on :i* su* prop]ty is s transport$ 
outside ! ,unit$ ,/ates %all be increas$
 by ! am\nt ( ! cr$it det]m9$ "u ?is    
section ) respect to su* prop]ty4  7f7  
,special rules  7#a7 ,d5ial ( d\ble     
b5efit ,any d$uction or cr$it all[$ "u  
?is title 7o!r ?an ?is section7 )       
respect to any eligible re%or+ exp5ses  
%all be r$uc$ by ! am\nt ( ! cr$it      
det]m9$ "u ?is section4  7#b7           

,aggregation rule ,= purposes ( ! doll> 
limitation impos$ "u subsection 7b71 all
 memb]s ( ! same controll$ gr\p (       
corporations 7)9 ! mean+ ( section      
#bfg7;f77 & all p]sons "u common control
 7)9 ! mean+ ( section #eb7;b7 b det]m9$
 by treat+ an int]e/ ( m ?an #ej p]c5t z
 a controll+ int]e/7 %all be treat$ z #a
 p]son & su* doll> limitation %all be   
allocat$ 9 su* mann] z ! ,secret>y may  
provide4  7#c7 ,election to n h section 
apply ,no cr$it %all be det]m9$ "u      
subsection 7a7 ) respect to any taxpay] 
= any taxable ye> if su* taxpay] make an
 election "u ?is p>agraph 7at su* "t & 9
 su* mann] z ! ,secret>y may provide7 to
 h su* subsection n apply = su* taxable 
ye>4  7g7 ,t]m9ation ,no cr$it %all be  
det]m9$ "u ?is section = any taxable ye>
 beg9n+ aft] ,decemb] #ca1 #bjbc4  4    
7a7 ,cr$it all[$ z "p ( g5]al bus9ess   
cr$it ,section #ch7;b7 ( su* ,code is   
am5d$ by /rik+ plus at ! end ( p>agraph 
7#cb71 by /rik+ ! p]iod at ! end (      
p>agraph 7#cc7 & ins]t+ 1 plus1 & by    

add+ at ! end ! foll[+ new p>agraph3    
7#cd7 ! manufactur+ re%or+ cr$it det]m9$
 "u section #de,u7a74  4  7b7 ,cl]ical  
am5dm5t ,! table ( sections = subp>t ,d 
( "p ,,iv ( sub*apt] ,a ( *apt] #a ( su*
 ,code is am5d$ by add+ at ! end !      
foll[+ new item3  ,sec4 #de,u4          
,manufactur+ re%or+ cr$it4  4  7c7      
,effective date ,! am5dm5ts made by ?is 
section %all apply to am\nts paid or    
incurr$ aft] ! date ( ! enactm5t ( ?is  
,act1 9 taxable ye>s end+ aft] su* date4