3.0.0 1407 2023-01-11T13:37:35Z 2023-01-11T13:37:35Z Senate S 2017-06-22 115 ssfi00 Finance Committee Senate Standing Referred to 2017-06-22T16:43:21Z 2017-06-22 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2017-06-22 Introduced in Senate IntroReferral 10000 9 Library of Congress C001088 Sen. Coons, Christopher A. [D-DE] Christopher Coons D DE A. N C001047 Sen. Capito, Shelley Moore [R-WV] Shelley Capito R WV Moore 2017-06-22 True Taxation Buy American requirements Income tax deductions Manufacturing Taxation 00 2017-06-22 Introduced in Senate 2017-11-07T17:56:08Z Made in America Deduction Enhancement (MADE) Act

This bill amends the Internal Revenue Code, with respect to the deduction for income attributable to domestic production activities, to allow an increased deduction for manufacturers that use materials produced in the United States during their production process.

The bill allows the increased deduction for taxpayers with a domestic input percentage that exceeds 75%.

A "domestic input percentage" is the ratio of: (1) domestically produced input costs, to (2) the total costs of direct material inputs included in the cost of goods sold which are allocable to gross receipts derived from qualified property (tangible personal property other than a film, computer software, sound recordings, a natural resource extracted by the taxpayer, or property produced in a farming business).

"Domestically produced input costs" are costs for materials which: (1) become an integral part of property produced by the eligible taxpayer; or (2) can be identified or associated with particular units or groups of units of property produced by the eligible taxpayer, if all or virtually all of the material is produced in the United States.

]]> Made in America Deduction Enhancement (MADE) Act Display Title Made in America Deduction Enhancement (MADE) Act Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to enhance tax incentives for manufacturing in the United States. Introduced in Senate IS Short Titles as Introduced Made in America Deduction Enhancement (MADE) Act Introduced in Senate 2017-06-22T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s1407is/xml/BILLS-115s1407is.xml 2017-06-22 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.