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Referenced Laws
Section 48D(a)
Section 1
1. Short title This Act may be cited as the Building Advanced Semiconductors Investment Credit Act or BASIC ACT.
Section 2
2. Increase of advanced manufacturing investment credit Section 48D(a) of the Internal Revenue Code of 1986 is amended by striking 25 percent and inserting 35 percent. Section 48D(e) of such Code is amended by striking December 31, 2026 and inserting December 31, 2030. The amendments made by this section shall apply to property placed in service after the date of the enactment of this Act.