119th Congress Taxation
H.R. 1328: Supply Chain Security and Growth Act of 2025
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill establishes a tax credit for qualified investments made in certain facilities that are located in a U.S. possession and manufacture drugs, pharmaceuticals, semiconductors, or certain other items, subject to limitations. The bill also increases the deemed-paid foreign tax credit for taxes paid to a U.S. possession.
Specifically, under the bill, a taxpayer (other than a prohibited foreign entity) is allowed a tax credit for 40% of an investment in certain property that is
- placed into service during the tax year;
- integral to the operation of a critical supply chain facility; and
- constructed, reconstructed, or erected by the taxpayer, or property acquired for original used by the taxpayer.
Read the full summary
The bill defines critical supply chain facility as a facility that (1) manufactures active pharmaceutical ingredients, drugs, biologic products, medical countermeasures, medical diagnostic devices, semiconductors, semiconductor manufacturing equipment, aerospace equipment, or artificial nanomaterials; and (2) is located in Puerto Rico, Guam, American Samoa, the Northern Mariana Islands, or the Virgin Islands.
Under the bill, the tax credit is transferable and may be claimed as a direct cash payment (i.e., elective payment). (Limitations apply.)
Finally, the bill increases to 100% (from 80%) the deemed-paid foreign tax credit for income taxes paid or accrued by a controlled foreign corporation (CFC) to a U.S. possession. (Under current law, a U.S. shareholder of a CFC is allowed a tax credit for income taxes paid by a CFC on certain income attributable to the U.S. shareholder.)
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Vern Buchanan R-FLOriginal
- Pablo José Hernández Rivera D-PROriginal
- Mike Kelly R-PAOriginal
- Michael Lawler R-NYOriginal
- Jimmy Panetta D-CAOriginal
- Nydia Velázquez D-NYOriginal
- Delia Ramirez D-IL
- Jim Costa D-CA
- Darren Soto D-FL
- Claudia Tenney R-NY
- Brian Fitzpatrick R-PA
- Eugene Vindman D-VA
Who scored on this bill
- 1Nicole Malliotakis SponsorDrew cross-party cosponsors, introduced2 events+6
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Introductions and cosponsorships count toward weekly caps and show no points.
Other bills by Nicole Malliotakis
- H.R. 9499: Protecting Taxpayers from Ghost Preparers Act
- H.R. 9771: Stopping Foreign Influence in Elections Act of 2026
- H.R. 1329: Smithsonian American Women’s History Museum Act
- H.R. 1155: Recovery of Stolen Checks Act
- H.R. 8914: University Accountability Act
- H.R. 8314: No Foreign Election Interference Act
History
- Introduced in the House by Nicole Malliotakis.
Show the full action history (2 actions)
- Introduced in House
- Referred to the House Committee on Ways and Means.