Advanced Manufacturing Investment Credit
Capture the full value of your investment in domestic semiconductor manufacturing.
The Advanced Manufacturing Investment Credit (AMIC) under Section 48D of the Internal Revenue Code provides a significant federal incentive for businesses investing in U.S. semiconductor manufacturing facilities and equipment. For qualifying businesses, the credit can substantially reduce the tax cost of capital investment in domestic production, making it one of the most valuable semiconductor tax credits available to manufacturers in the semiconductor supply chain.
BPM’s tax professionals help semiconductor manufacturers, semiconductor equipment producers assess eligibility, calculate credits, and meet documentation and compliance requirements necessary to claim the credit.
What the Advanced Manufacturing Investment Credit Covers
The AMIC was established under the CHIPS and Science Act to strengthen domestic semiconductor production and reduce reliance on foreign supply chains. The credit applies to qualifying investments in semiconductor manufacturing facilities and equipment placed in service in the United States.
Eligible businesses include those manufacturing semiconductors, producing semiconductor manufacturing equipment, and related upstream and downstream participants in the semiconductor supply chain.
CONNECT WITH A TAX PROFESSIONAL
From Eligibility to Credit Claim
BPM supports clients across the full AMIC process:
Eligibility Assessment
Assessing capital improvement expenditures & manufacturing operations to determine credit eligibility for your business & investments
Strategic Tax Coordination
Integrating AMITC credits with other federal & state incentives, including cost segregation, depreciation planning, & state manufacturing incentives, to optimize your tax position
Credit Calculation & Documentation
Reviewing capital expenditures & invoices, interviewing personnel familiar with the manufacturing process, & calculating eligible basis & the available credit
Technical Memorandum Preparation
Preparing a memorandum documenting applicable law & the credit determination process to support the claim under IRS scrutiny
IRS Pre-Registration & Compliance
Assisting with IRS portal pre-registration for eligible property, where applicable, & coordinating all filing requirements & ongoing Section 48D compliance
BPM’s specialty tax professionals can assist in evaluating your operations, identifying qualifying investments, and developing a documented approach to support the AMIC claim. For additional information, contact BPM to discuss your specific facts and circumstances.
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