The Semiconductor Technology Advancement and Research Act of 2024 (STAR Act of 2024) proposes changes to the Internal Revenue Code to include qualified semiconductor design expenditures as part of the advanced manufacturing investment credit. This bill allows a tax credit for...
Simple Explanation
The STAR Act of 2024 wants to let companies that design computer chips in the U.S. get a special tax break, a bit like a reward for spending money on making better chips but not on making them look prettier.