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H.R. 3702: Manufacturing Economic Recovery Act of 2017

We don’t have a summary available yet.

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress, and was published on Sep 7, 2017.


Manufacturing Economic Recovery Act of 2017

This bill amends the Internal Revenue Code to allow: (1) a manufacturing recovery tax credit for investment in manufacturing real and tangible personal property used in the United States, including an increased credit for manufacturing property located in an economically disadvantaged area or an extremely economically disadvantaged area; (2) an additional investment tax credit for manufacturing property; and (3) a permanent work opportunity tax credit for hiring a full-time employee in a manufacturing facility located in the United States (manufacturing recovery employee), including an increased credit for hiring individuals receiving unemployment compensation.