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United States · Bill · HR

H.R. 7458 (118th)

Made in the U.S.A. Act

referredUnited States· United States Congress· EN

Introduced

26 February 2024

Last action

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Status

Referred to the House Committee on Ways and Means.

Sponsors

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Subjects

Discovery layer

Source updated

22 November 2024

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Summary

Made in the U.S.A. Act This bill allows certain individual taxpayers whose adjusted gross income does not exceed $125,000 ($250,000 in the case of a joint return) a tax credit for 30% of their expenditures, not exceeding $2,500, for products made in the United States. An expenditure for any product may not exceed $500 and excludes firearms, ammunition, alcohol, tobacco, vehicles, gasoline, luxury goods, food, or non-depreciable real property. The expenditure limit is increased to $1,000 for Energy Star or climate resilience products.

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Documents

3 official files

Introduced in House (text)

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Sources

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