Bill > HR9183

This bill, the Semiconductor Technology Advancement and Research Act of 2024 or the STAR Act of 2024, amends the Internal Revenue Code to add qualified semiconductor design expenditures to the advanced manufacturing investment credit. Specifically, the bill allows for a 25% tax credit on qualified semiconductor design expenditures, including in-house semiconductor design expenses (such as wages, supplies, and computer usage) and contract design expenses. The bill also disregards the trade or business requirement for certain startup ventures' in-house design expenses. The credit is available for expenditures made after the enactment of the bill and through December 31, 2026.