ITIF urges permanent CHIPS investment tax credit

ITIF has published an opinion article arguing that Congress should make the CHIPS Act’s Advanced Manufacturing Investment Credit permanent.

• The article says Section 48D under the CHIPS and Science Act has helped drive more than 160 semiconductor projects across 30 states since 2020, with $825.8 billion in announced private investment.
• It notes the current construction deadline of December 31, 2026, says the credit was 25% originally and later increased to 35% for qualifying property placed in service after December 31, 2025.