American Tax Dollars for American Solar Manufacturing Act

[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S. 4873 Introduced in Senate (IS)]

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118th CONGRESS
  2d Session
                                S. 4873

To amend the Internal Revenue Code of 1986 to prohibit allowance of the 
  advanced manufacturing production credit for components produced by 
                      foreign entities of concern.


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                   IN THE SENATE OF THE UNITED STATES

                             July 31, 2024

  Mr. Brown (for himself, Mr. Cassidy, Mr. Scott of Florida, and Mr. 
    Ossoff) introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

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                                 A BILL


 
To amend the Internal Revenue Code of 1986 to prohibit allowance of the 
  advanced manufacturing production credit for components produced by 
                      foreign entities of concern.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``American Tax Dollars for American 
Solar Manufacturing Act''.

SEC. 2. PROHIBITION ON ALLOWANCE OF ADVANCED MANUFACTURING PRODUCTION 
              CREDIT FOR COMPONENTS PRODUCED BY FOREIGN ENTITIES OF 
              CONCERN.

    (a) In General.--Section 45X(d) of the Internal Revenue Code of 
1986 is amended by adding at the end the following new paragraph:
            ``(5) Prohibition on allowance of credit for components 
        produced by foreign entities of concern.--No credit shall be 
        allowed under subsection (a) with respect to any eligible 
        component which is produced by a foreign entity of concern (as 
        defined in section 9901(8) of the William M. (Mac) Thornberry 
        National Defense Authorization Act for Fiscal Year 2021 (15 
        U.S.C. 4651(8))).''.
    (b) Effective Date.--The amendment made by this section shall apply 
to components produced and sold after the date of enactment of this 
Act.
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