H.R. 1328 aims to amend the Internal Revenue Code of 1986 by introducing a tax credit to encourage the reshoring of critical supply chains back to the United States. This bill provides a 40% tax credit for qualifying investments related to specific facilities involved in the production of...
Simple Explanation
H.R. 1328 is about giving businesses money back through a special tax deal if they bring factories back to the USA to make important stuff like medicines and computer parts. It wants companies to do this by making it cheaper with a 40% discount on the money they spend to move these factories here.