,i #aah? ,,congress #b;d ,session ,h4 ,r4 #higa ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,july #i1 #bjbd,mr4 ,nunn ( ,i[a 7= himself & ,ms4 ,h\lahan7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,ways & ,means1 & 9 addition to ! ,committee on ,agriculture1 = a p]iod to be subsequ5tly det]m9$ by ! ,speak]1 9 ea* case = consid]ation ( su* provisions z fall )9 ! jurisdiction ( ! committee conc]n$ ,a ,,bill ,to am5d ! ,int]nal ,rev5ue ,code ( #aihf to all[ an inve/m5t cr$it = c]ta9 dome/ic infant =mula manufactur+ facilities4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,inve/+ 9 ,new ,families ,& ,newborns ,?r\gh ,tax ,cr$it ,act or ! ,,infant ,tax ,cr$it ,act4 #b4 ,dome/ic infant =mula manufactur+ inve/m5t cr$it 7a7 ,9 g5]al ,subp>t ,e ( "p ,,iv ( sub*apt] ,a ( *apt] #a ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by ins]t+ aft] section #dh;,e ! foll[+ new section3 #dh;,f4 ,dome/ic infant =mula manufactur+ inve/m5t cr$it 7a7 ,e/abli%m5t ( cr$it ,= purposes ( section #df1 ! dome/ic infant =mula manufactur+ inve/m5t cr$it = any taxable ye> is an am\nt equal to #be p]c5t ( ! qualifi$ inve/m5t = su* taxable ye> ) respect to any dome/ic infant =mula manufactur+ facility ( an eligible taxpay]4 7b7 ,qualifi$ inve/m5t 7#a7 ,9 g5]al ,= purposes ( subsection 7a71 ! qualifi$ inve/m5t ) respect to any dome/ic infant =mula manufactur+ facility = any taxable ye> is ! basis ( any qualifi$ prop]ty plac$ 9 s]vice by ! taxpay] dur+ su* taxable ye> :i* is "p ( a dome/ic infant =mula manufactur+ facility4 7#b7 ,qualifi$ prop]ty 7,a7 ,9 g5]al ,= purposes ( ?is subsection1 ! t]m qualifi$ prop]ty means prop]ty-- 7i7 :i* is tangible prop]ty1 7ii7 ) respect to :i* depreciation 7or amortization 9 lieu ( depreciation7 is all[able1 7iii7 :i* is-- 7,i7 con/ruct$1 recon/ruct$1 or erect$ by ! taxpay]1 or 7,,ii7 acquir$ by ! taxpay] if ! orig9al use ( su* prop]ty comm5ces ) ! taxpay]1 & 7iv7 :i* is integral to ! op]ation ( ! dome/ic infant =mula manufactur+ facility4 7,b7 ,build+s & /ructural compon5ts 7i7 ,9 g5]al ,! t]m qualifi$ prop]ty includes any build+ or its /ructural compon5ts :i* o!rwise satisfy ! requirem5ts "u subp>agraph 7,a74 7ii7 ,exception ,clause 7i7 %all n apply ) respect to a build+ or portion ( a build+ us$ = (fices1 adm9i/rative s]vices1 or o!r functions unrelat$ to manufactur+4 7#c7 ,dome/ic infant =mula manufactur+ facility ,= purposes ( ?is section-- 7,a7 ,9 g5]al ,! t]m dome/ic infant =mula manufactur+ facility means a facility ! prim>y purpose ( :i* is ! manufactur+ ( eligible infant =mula4 7,b7 ,eligible infant =mula ,! t]m eligible infant =mula means infant =mula t-- 7i7 may lawfully be sold 9 ! ,unit$ ,/ates1 & 7ii7 is manufactur$ 9 ! ,unit$ ,/ates4 7#d7 ,coord9ation ) rehabilitation cr$it2 ,c]ta9 qualifi$ progress exp5ditures rules made applicable ,rules simil> to ! rules ( p>agraphs 7#c7 & 7#d7 ( section #dh;,d7b7 %all apply = purposes ( ?is section4 7c7 ,eligible taxpay] 7#a7 ,9 g5]al ,= purposes ( ?is section1 ! t]m eligible taxpay] means a taxpay]-- 7,a7 describ$ 9 section #dh;,d7c71 & 7,b7 ) a total global rev5ue = ! taxable ye> :i* does n exce$ #gej1jjj1jjj4 7#b7 ,aggregation rules ,= purposes ( ?is p>agraph1 all p]sons :i* are treat$ z a s+le employ] "u subsections 7a7 & 7b7 ( section #eb %all be treat$ z a s+le taxpay]4 4 7b7 ,elective paym5t & transf] ( cr$it ,section #fdag ( su* ,code is am5d$-- 7#a7 9 subsection 7b71 by add+ at ! end ! foll[+ new p>agraph3 7#ac7 ! dome/ic infant =mula manufactur+ inve/m5t cr$it "u section #dh;,f4 1 & 7#b7 9 subsection 7d77#a7-- 7,a7 9 subp>agraph 7,e71 by /rik+ 7,c71 or 7,d7 ea* place x appe>s & ins]t+ 7,c71 7,d71 or 7,e71 7,b7 by r$esignat+ subp>agraph 7,e7 z subp>agraph 7,f71 & 7,c7 by ins]t+ aft] subp>agraph 7,d7 ! foll[+ new subp>agraph3 7,e7 ,election ) respect to dome/ic infant =mula manufactur+ inve/m5t cr$it ,if a taxpay] o!r ?an an entity describ$ 9 subp>agraph 7,a7 makes an election "u ?is subp>agraph ) respect to any taxable ye> 9 :i* su* taxpay] has1 aft] ! date ( ! enactm5t ( ?is subp>agraph1 plac$ 9 s]vice qualifi$ prop]ty :i* is "p ( a dome/ic infant =mula manufactur+ facility 7z def9$ 9 section #dh;,f7b77#c771 su* taxpay] %all be treat$ z an applicable entity = purposes ( ?is section = su* taxable ye>1 b only ) respect to ! cr$it describ$ 9 subsection 7b77#ac74 4 7c7 ,inclusion 9 inve/m5t cr$it ,section #df ( su* ,code is am5d$ 9 p>agraph 7#f7 by /rik+ &1 9 p>agraph 7#g7 by /rik+ ! p]iod & ins]t+ 1 &1 & by add+ at ! end ! foll[+ new p>agraph3 7#h7 ! dome/ic infant =mula manufactur+ inve/m5t cr$it4 4 7d7 ,cl]ical am5dm5t ,! table ( sections = subp>t ,e ( "p ,,iv ( sub*apt] ,a ( *apt] #a ( su* ,code is am5d$ by ins]t+ aft] ! item relat+ to section #dh;,e ! foll[+ new item3 ,sec4 #dh;,f4 ,dome/ic infant =mula manufactur+ inve/m5t cr$it4 4 7e7 ,effective date ,! am5dm5ts made by ?is section %all apply to prop]ty plac$ 9 s]vice aft] ,m>* #a1 #bjbb4 #c4 ,infant =mula production cr$it 7a7 ,9 g5]al ,subp>t ,d ( "p ,,iv ( sub*apt] ,a ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+ new section3 #de;,,bb4 ,infant =mula production cr$it 7a7 ,9 g5]al ,9 ! case ( a qualifi$ taxpay]1 = purposes ( section #ch1 ! infant =mula production cr$it = any taxable ye> is an am\nt equal to ! product (-- 7#a7 ! am\nt 9 p\nds ( eligible infant =mula manufactur$ by su* taxpay] & sold = use 9 ! ,unit$ ,/ates dur+ su* taxable ye>1 multipli$ by 7#b7 #a4ej4 7b7 ,qualifi$ taxpay] ,= purposes ( ?is section1 ! t]m qualifi$ taxpay] means1 ) respect to a taxable ye>-- 7#a7 a taxpay] if su* taxpay]'s total global rev5ue = ! prec$+ taxable ye> does n exce$ #ejj1jjj1jjj1 or 7#b7 a taxpay] to :om a cr$it 0 all[$ "u ?is section 9 ! prec$+ taxable ye>4 7c7 ,eligible infant =mula def9$ ,= purposes ( ?is section1 ! t]m eligible infant =mula has ! mean+ giv5 su* t]m 9 section #dh;,f7b77#c77;,b74 7d7 ,aggregation rules ,= purposes ( ?is section1 all p]sons :i* are treat$ z a s+le employ] "u subsections 7a7 & 7b7 ( section #eb %all be treat$ z a s+le taxpay]4 7e7 ,coord9ation ) inve/m5t cr$it ,infant =mula produc$ at a facility ) respect to :i* a cr$it 0 all[$ "u section #dh;,f %all n be tak5 into acc\nt = purposes ( subsection 7a74 4 7b7 ,cr$it made transf]able ,section #fdah7;f77#a7 ( su* ,code 7z am5d$ by section #b7 is am5d$ by add+ at ! end ! foll[+ new clause3 7xii7 ,! infant =mula production cr$it det]m9$ "u section #de;,,bb4 4 7c7 ,elective paym5t ( cr$it ,section #fdag7;b7 ( su* ,code 7z am5d$ by section #b7 is am5d$ by add+ at ! end ! foll[+ new p>agraph3 7#ad7 ,! infant =mula production cr$it det]m9$ "u section #de;,,bb4 4 7d7 ,cr$it all[$ z "p ( g5]al bus9ess cr$it ,section #ch7;b7 is am5d$ by /rik+ plus at ! end ( p>agraph 7#dj71 by /rik+ ! p]iod at ! end ( p>agraph 7#da7 & ins]t+ 1 plus1 & by add+ at ! end ! foll[+ new p>agraph3 7#db7 9 ! case ( an eligible taxpay] 7z def9$ 9 section #dh;,f71 ! infant =mula production cr$it det]m9$ "u section #de;,,bb7a74 4 7e7 ,cl]ical am5dm5t ,! table ( sections = subp>t ,d ( "p ,,iv ( sub*apt] ,a ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+ new item3 ,sec4 #de;,,bb4 ,infant =mula production cr$it4 4 7f7 ,effective date ,! am5dm5ts made by ?is section %all apply to =mula manufactur$ aft] ! date ( ! enactm5t ( ?is ,act4 #d4 ,reports to ,congress ,n lat] ?an #a ye> aft] ! date ( ! enactm5t ( ?is ,act & annually !reaft]1 ! ,secret>y ( ,agriculture %all submit to ,congress a report t includes-- 7#a7 ) respect to ! ye> prec$+ ! report1 ! numb] ( p]sons t-- 7,a7 op]at$ a dome/ic infant =mula manufactur+ facility 7z def9$ 9 section #dh;,f7b77#c7 ( ! ,int]nal ,rev5ue ,code ( #aihf72 & 7,b7 receiv$ fund+ "u a rural developm5t program ( ! ,dep>tm5t ( ,agriculture2 7#b7 a description ( any b>ri]s t w\ld prev5t a p]son t op]ates su* a facility f access+ su* fund+ & ! res\rces ! ,secret>y requires to address su* b>ri]s2 & 7#c7 an assessm5t ( ! impact t dome/ic infant =mula manufactur+ facilities h on ! communities 9 :i* su* facilities are locat$4