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H.R. 615 (113th): Market Based Manufacturing Incentives Act of 2013

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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.