118th Congress · SENATE BILLBILL

S. 4005 — Infant Formula Made in America Act of 2024

“A bill to amend the Internal Revenue Code of 1986 to allow an investment credit for certain domestic infant formula manufacturing projects and to allow a domestic production credit for certain infant formula.”

Taxation

Introduced Mar 20, 2024

Last action Mar 20, 2024

Pipeline · Bill → Law

Step 1

Introduced

Mar 20, 2024

Step 2

Referred

Mar 20, 2024

Finance

Step 3

Committee

Step 4

Senate

Step 5

House floor

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill allows a 30% investment tax credit for infant formula that is lawfully sold and manufactured in the United States. It also allows a domestic production tax credit for such infant formula.

Provisions · 3 sectionsIntroduced in Senate

Timeline · 2 actions

Mar 20, 2024

Introduced in Senate

Mar 20, 2024

Read twice and referred to the Committee on Finance.