Semiconductor Superiority Act
To amend the Internal Revenue Code of 1986 to clarify the application of the advanced manufacturing investment credit with respect to semiconductor manufacturing facilities located in outer space.
This bill, known as the Semiconductor Superiority Act, aims to update tax laws to better support semiconductor manufacturing, especially for facilities that operate in outer space. It seeks to clarify the tax credit available for advanced manufacturing investments, ensuring companies investing in space-based semiconductor production can benefit from these incentives.
The bill would affect companies involved in semiconductor manufacturing, particularly those with facilities in outer space. By providing clearer guidelines on the advanced manufacturing investment credit, it could encourage more investment in advanced technology sectors and help maintain the U.S.'s competitive edge in semiconductor technology.
HB8959 was introduced on May 21, 2026, and has been referred to the House Committee on Ways and Means. This committee will review the bill and decide on its next steps, which could include further committee review, amendments, or a vote in the full House.
