Rebuilding American Manufacturing Act of 2015

Summary

Rebuilding American Manufacturing Act of 2015 Amends the Internal Revenue Code to allow taxpayers engaged in domestic manufacturing in the United States a tax deduction equal to 50.5% (43% for C corporations) of the lesser of their domestic manufacturing income or their taxable income for the taxable year (thus effectively reducing their income tax rate to approximately 20%). Limits the amount of such deduction to 25% of such taxpayer's qualifying domestic investment (defined as the sum of the taxpayer's W-2 wages and certain allowable tax deductions, excluding any amounts not properly allocable to the taxpayer's domestic manufacturing gross receipts).

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Timeline

1. 8 July 2015

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 8 July 2015

   Introduced

   Introduced in House

   Source: IntroReferral

3. 8 July 2015

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 8 July 2015 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 8 July 2015

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 8 July 2015

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 8 July 2015

  Open at official source

Sponsors

• RON KIND · D · Sponsor
• Richard Neal · D · Sponsor
• Rep. Rangel, Charles B. [D-NY-19] · D · Sponsor
• Bill Pascrell · D · Sponsor
• John Larson · D · Sponsor
• Rep. McDermott, Jim [D-WA-7] · D · Sponsor
• Rep. Davis, Danny K. [D-IL-7] · D · Sponsor
• SANDER LEVIN · D · Sponsor
• Rep. Graham, Gwen [D-FL-2] · D · Cosponsor
• · hswm00 · Standing

Related records

• related to → Rebuilding American Manufacturing Act of 2017