H.R. 615: Market Based Manufacturing Incentives Act of 2013

Introduced:
Feb 12, 2013 (113th Congress, 2013–2015)
Sponsor:
Rep. Michael “Mike” Honda [D-CA17]
Status:
Referred to Committee

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was assigned to a congressional committee on February 12, 2013, which will consider it before possibly sending it on to the House or Senate as a whole.

Progress
Introduced Feb 12, 2013
Referred to Committee Feb 12, 2013
Reported by Committee ...
Passed House ...
Passed Senate ...
Signed by the President ...
Prognosis

0% chance of getting past committee.
0% chance of being enacted.

Only 11% of House bills made it past committee and only 3% were enacted in 2011–2013. [show factors | methodology]

Cosponsors
5 cosponsors (5D) (show)
Committees

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

Full Title

To amend the Internal Revenue Code of 1986 to provide market-based manufacturing incentives, and for other purposes.

Summary

No summaries available.

Text

Read Bill Text »

Last updated Feb 12, 2013.
13 pages

Primary Source

View on THOMAS (The Library of Congress)

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Citation

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

2/12/2013--Introduced.
Market Based Manufacturing Incentives Act of 2013 - Amends the Internal Revenue Code to allow a tax credit for the purchase (during a specified period of between 5 and 10 years based on the incentive needed with respect to each product) of new products certified as assembled in the United States and consisting of at least 60% of components assembled or otherwise arising in the United States. Directs the Congressional Budget Office (CBO) to report to Congress on the economic effects of such credit.
Establishes the 21st Century American Manufacturing Commission to conduct research to designate products eligible for the tax credit allowed by this Act.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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The bill contains the following citations to other parts of U.S. law:

Other Citations

  • 5 U.S.C. Chapter 57