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H.R. 3702

Manufacturing Economic Recovery Act of 2017

Manufacturing Economic Recovery Act of 2017

This bill amends the Internal Revenue Code to allow: (1) a manufacturing recovery tax credit for investment in manufacturing real and tangible personal property used in the United States, including an increased credit for manufacturing property located in an economically disadvantaged area or an extremely economically disadvantaged area; (2) an additional investment tax credit for manufacturing property; and (3) a permanent work opportunity tax credit for hiring a full-time employee in a manufacturing facility located in the United States (manufacturing recovery employee), including an increased credit for hiring individuals receiving unemployment compensation.

Referred to the House Committee on Ways and Means.

Rep. McKinley, David B. [R-WV-1](R-WV)Sponsor
1 cosponsor1 D
1cosponsors1committees3actions5subjects
  1. IntroReferralH11100

    Referred to the House Committee on Ways and Means.

    Ways and Means Committee
  2. IntroReferralIntro-H

    Introduced in House

  3. IntroReferral1000

    Introduced in House

Manufacturing Economic Recovery Act of 2017 — Informed