,,ii  #aaith ,,congress  #b;d ,session  
,s4 #defi  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,may #ai1      
#bjbf,mr4 ,gallego 7for himself and ,mr4
 ,justice7 introduced the following     
bill2 which was read twice and referred 
to the ,committee on ,finance  ,a ,,bill
  ,to amend the ,internal ,revenue ,code
 of #aihf to provide incentives for the 
domestic production of printed circuit  
boards4  #a4 ,short title ,this ,act may
 be cited as the ,protecting ,circuit   
,boards and ,substrates ,act4  #b4      
,credit for purchase or acquisition of  
printed circuit boards manufactured in  
the ,united ,states  7a7 ,in general    
,subpart ,d of part ,,iv of subchapter  
,a of chapter #a of the ,internal       
,revenue ,code of #aihf is amended by   
adding at the end the following new     
section3  #de;,,bb4 ,credit for purchase
 or acquisition of printed circuit      
boards manufactured in the ,united      
,states  7a7 ,in general ,for purposes  
of section #ch1 the printed circuit     

board credit for any taxable year is an 
amount equal to #be percent of the      
amount paid or incurred by the taxpayer 
during such taxable year for the        
purchase or acquisition of printed      
circuit boards which are fabricated in  
the ,united ,states4  7b7 ,definitions  
,in this section-- 7#a7 ,fabricated ,the
 term fabricated means the use of raw   
materials to manufacture a connected    
composite structure featuring           
electrically conductive and             
non-conductive elements by subtractive1 
additive1 or other technique4  7#b7     
,printed circuit board ,the term printed
 circuit board means-- 7,a7 a composite 
structure of layered electrically       
conductive and non-conductive materials 
that provides-- 7i7 interconnections    
with-- 7,i7 other micro-electronics1 or 
7,,ii7 other electronics systems or     
subsystems1 and  7ii7 electrical        
connections between active and passive  
components1 and  7,b7 any components    
embedded in the composite structure     

described in subparagraph 7,a74  7c7    
,regulations and guidance ,the          
,secretary shall1 in consultation with  
the ,secretary of ,commerce and the     
,secretary of ,labor1 promulgate such   
regulations and guidance as may be      
necessary or appropriate to carry out   
this section4  4  7b7 ,credit ,to be    
part of general business credit         
,subsection 7b7 of section #ch of such  
,code is amended by striking plus at the
 end of paragraph 7#dj71 by striking the
 period at the end of paragraph 7#da7   
and inserting 1 plus1 and by adding at  
the end the following new paragraph3    
7#db7 the printed circuit board credit  
determined under section #de;,,bb7a74  4
  7c7 ,clerical amendment ,the table of 
sections for subpart ,d of part ,,iv of 
subchapter ,a of chapter #a of the      
,internal ,revenue ,code of #aihf is    
amended by adding at the end the        
following new item3  ,sec4 #de;,,bb4    
,credit for purchase or acquisition of  
printed circuit boards manufactured in  

the ,united ,states4  4  7d7 ,effective 
dates ,the amendments made by this      
section shall apply to amounts paid or  
incurred after ,december #ca1 #bjbe4