Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Internal Revenue Service relating to "Advanced Manufacturing Production Credit".

3.0.0 222 2024-12-20T19:12:09Z 2024-12-20T19:12:09Z House H HJRES 2024-11-18 118 <pre>[Congressional Record Volume 170, Number 170 (Monday, November 18, 2024)][House]From the Congressional Record Online through the Government Publishing Office [<a href="https://www.gpo.gov">www.gpo.gov</a>]By Mr. PALMER:H.J. Res. 222.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8The single subject of this legislation is:To disapprove of the rule submitted by the Internal RevenueService relating to ``Advanced Manufacturing ProductionCredit''.[Page H6078]</pre> hswm00 Ways and Means Committee House Standing Referred to 2024-11-18T17:01:20Z Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Internal Revenue Service relating to "Advanced Manufacturing Production Credit". 118 225 HJRES 2024-11-20 Referred to the House Committee on Ways and Means. Related bill CRS A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Internal Revenue Service relating to "Advanced Manufacturing Production Credit". 118 119 SJRES 2024-12-05 Read twice and referred to the Committee on Finance. Identical bill CRS 2024-11-18 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2024-11-18 Introduced in House IntroReferral Intro-H 9 Library of Congress 2024-11-18 Introduced in House IntroReferral 1000 9 Library of Congress P000609 Rep. Palmer, Gary J. [R-AL-6] Gary Palmer R AL J. 6 N Taxation Taxation 2024-11-19T13:43:22Z

00 2024-11-18 Introduced in House 2024-12-05T14:43:47Z This joint resolution nullifies the final rule issued by the Internal Revenue Service titled Advanced Manufacturing Production Credit and published on October 28, 2024. The final rule provides guidance on the tax credit for the production and sale of solar and wind components, inverters, some battery components, and critical minerals, which was added by the Inflation Reduction Act of 2022. The rule, among other things, defines what produced by the taxpayer means for purposes of determining eligibility for the tax credit, details the requirements regarding sales between related and unrelated parties, and provides credit amounts and phase-out rules for certain components and critical minerals.

Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Internal Revenue Service relating to "Advanced Manufacturing Production Credit". Official Title as Introduced 6 Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Internal Revenue Service relating to "Advanced Manufacturing Production Credit". 2024-11-19T09:18:16Z Introduced in House IH Display Title 45 Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Internal Revenue Service relating to "Advanced Manufacturing Production Credit". 2024-11-19T09:05:32Z Introduced in House 2024-11-18T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hjres222ih/xml/BILLS-118hjres222ih.xml 2024-11-18 Referred to the House Committee on Ways and Means. 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.