Data / Federal rules / 2024-23857
Advanced Manufacturing Investment Credit Rules Under Sections 48D and 50
The Internal Revenue Service published this final rule in the Federal Register on October 23, 2024. It took effect on December 23, 2024.
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What the agency says
This document contains final regulations to implement the advanced manufacturing investment credit established by the CHIPS Act of 2022 to incentivize the manufacture of semiconductors and semiconductor manufacturing equipment within the United States. The final regulations adopt with certain modifications rules proposed in the first of two notices of proposed rulemaking to implement the credit, other than proposed rules regarding the elective payment election that were addressed in the final rule adopted in connection with the second notice of proposed rulemaking. The final regulations provide the eligibility requirements for the credit, and a special 10- year credit recapture rule that applies if there is a significant transaction involving the material expansion of semiconductor manufacturing capacity in a foreign country of concern. The final regulations affect taxpayers that claim the advanced manufacturing investment credit.
Key facts
- Document number
- 2024-23857
- Type
- Final rule
- Action
- Final rule
- Agency
- Treasury Department; Internal Revenue Service
- Published
- October 23, 2024
- Takes effect
- December 23, 2024
- Dates
- Effective date: These regulations are effective on December 23, 2024.
- Docket
- TD 10009
- Regulation ID (RIN)
- 1545-BQ54
- Code of Federal Regulations
- 26 CFR 1
- Topics
- Income taxes; Reporting and recordkeeping requirements
- Pages
- 32
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Read from the Federal Register API, last updated 2026-10-23. The document on federalregister.gov is the official record; dates and dockets can change through later corrections. Free to reuse with credit to SpecStream under CC BY 4.0.