TITLE 26. INTERNAL REVENUE CODE § 48D. Advanced manufacturing investment credit., 26 USCS § 48D

Summary

(a) Establishment of credit. For purposes of section 46 [26 USCS § 46], the advanced manufacturing investment credit for any taxable year is an amount equal to 25 percent of the qualified investment for such taxable year with respect to any advanced manufacturing facility of an eligible taxpayer.

(b) Qualified investment.

(1) In general. For purposes of subsection (a), the qualified investment with respect to any advanced manufacturing facility for any taxable year is the basis of any qualified property placed in service by the taxpayer during such taxable year which is part of an advanced manufacturing facility.

(2) Qualified property.

(A) In general. For purposes of this subsection, the term “qualified property” means property—

(i) which is tangible property,

(ii) with respect to which depreciation (or amortization in lieu of depreciation) is allowable,

(iii) which is—

(I) constructed, reconstructed, or erected by the taxpayer, or

(II) acquired by the taxpayer if the original use of such property ...