A bill to amend the Internal Revenue Code of 1986 to provide incentives for the domestic production of printed circuit boards.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 4569 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 4569 To amend the Internal Revenue Code of 1986 to provide incentives for the domestic production of printed circuit boards. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES May 19, 2026 Mr. Gallego (for himself and Mr. Justice) introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to provide incentives for the domestic production of printed circuit boards. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Protecting Circuit Boards and Substrates Act''. SEC. 2. CREDIT FOR PURCHASE OR ACQUISITION OF PRINTED CIRCUIT BOARDS MANUFACTURED IN THE UNITED STATES. (a) In General.--Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new section: ``SEC. 45BB. CREDIT FOR PURCHASE OR ACQUISITION OF PRINTED CIRCUIT BOARDS MANUFACTURED IN THE UNITED STATES. ``(a) In General.--For purposes of section 38, the printed circuit board credit for any taxable year is an amount equal to 25 percent of the amount paid or incurred by the taxpayer during such taxable year for the purchase or acquisition of printed circuit boards which are fabricated in the United States. ``(b) Definitions.--In this section-- ``(1) Fabricated.--The term `fabricated' means the use of raw materials to manufacture a connected composite structure featuring electrically conductive and non-conductive elements by subtractive, additive, or other technique. ``(2) Printed circuit board.--The term `printed circuit board' means-- ``(A) a composite structure of lay