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United States · Bill · HR

H.R. 6025 (111th)

Manufacturing Reinvestment Account Act of 2010

referredUnited States· United States Congress· EN

Introduced

30 July 2010

Last action

30 July 2010 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rosa DeLauro, TIM RYAN, Rep. Manzullo, Donald A. [R-IL-16], Rep. Perriello, Thomas S.P. [D-VA-5], Rep. Sutton, Betty [D-OH-13], Rep. Carnahan, Russ [D-MO-3], John Larson, Rep. Rahall, Nick J., II [D-WV-4], Sen. Murphy, Christopher [D-CT], Rep. Courtney, Joe [D-CT-2], James Himes

Subjects

Taxation

Source updated

14 August 2025

Taxation

Official sourceDownload fileView documentsShare

Summary

Manufacturing Reinvestment Account Act of 2010 - Amends the Internal Revenue Code to establish tax-exempt manufacturing reinvestment accounts (MRAs) for taxpayers engaged in a manufacturing business. Allows such manufacturers to make tax deductible cash payments into an MRA of the lesser of their domestic manufacturing gross receipts for the taxable year or $250,000. Permits expenditures from an MRA for expenses for property to be used in the manufacturing business and expenses for employee job training and workforce development. Terminates the tax deduction for payments to an MRA seven years after the enactment of this Act.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 30 July 2010

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 30 July 2010

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 30 July 2010

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

View fileDownload file

Sponsors

Related records

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Sources

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