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H.R. 3204

U.S. House•In House Committee

Summary

H.R. 3204, “BASIC ACT”, was introduced in the House on May 5, 2025 by Rep. Claudia Tenney (R) with 23 co-sponsors. It was referred to Ways And Means, and last saw action on May 5, 2025: Referred to the House Committee on Ways and Means.

Record

Text

H.R. 3204 has 23 co-sponsors.

hb3204/introduced-in-house.txt
119 HR 3204 IH: Building Advanced Semiconductors Investment Credit Act
 U.S. House of Representatives
 2025-05-05
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 I  119th CONGRESS  1st Session  H. R. 3204  IN THE HOUSE OF REPRESENTATIVES   May 5, 2025   Ms. Tenney  (for herself,  Mr. Suozzi ,  Ms. Malliotakis ,  Mr. Langworthy ,  Mr. Fitzpatrick ,  Mr. Morelle ,  Mr. Mannion ,  Mr. Tonko ,  Mr. Carey ,  Mr. Kennedy of New York ,  Mr. Riley of New York ,  Mr. Horsford ,  Ms. Balint ,  Mr. Simpson ,  Mr. Subramanyam ,  Mrs. Kiggans of Virginia ,  Mrs. Kim ,  Mr. Lawler ,  Mr. Khanna , and  Ms. Stefanik ) introduced the following bill; which was referred to the  Committee on Ways and Means    A BILL
To amend the Internal Revenue Code of 1986 to increase the advanced manufacturing investment credit, and for other purposes.
1.
Short title
This Act may be cited as the   Building Advanced Semiconductors Investment Credit Act   or   BASIC ACT  .
2.
Increase of advanced manufacturing investment credit
(a)
Credit increase
 Section 48D(a)  of the Internal Revenue Code of 1986 is amended by striking  25 percent  and inserting  35 percent .
(b)
Credit period extension
Section 48D(e) of such Code is amended by striking  December 31, 2026  and inserting  December 31, 2030 .
(c)
Effective date
The amendments made by this section shall apply to property placed in service after the date of the enactment of this Act.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2025-05-05
  2. Passed House
  3. Passed Senate
  4. Conference
  5. To President
  6. Became Law

To amend the Internal Revenue Code of 1986 to increase the advanced manufacturing investment credit, and for other purposes.

Sponsors

Rep. Claudia Tenney (R) sponsors H.R. 3204, and 23 members have co-sponsored it, 19 of them from the day it was introduced.

Committees

H.R. 3204 went before 1 committee: Ways and Means.

Ways and Means
Ways and Means
Referred To · May 5, 2025 · 1,160 Bills

Actions

H.R. 3204 has taken 2 actions since May 5, 2025.

ChamberAction
May 5, 2025
House
Introduced in House
May 5, 2025
House
Referred to the House Committee on Ways and Means.Ways and Means Committee

Votes

H.R. 3204 has not gone to a roll call.

Titles

H.R. 3204 goes by 4 titles, 2 of them short titles.

  • BASIC ACT — Display Title
  • BASIC ACT — Short Title(s) as Introduced
  • Building Advanced Semiconductors Investment Credit Act — Short Title(s) as Introduced
  • To amend the Internal Revenue Code of 1986 to increase the advanced manufacturing investment credit, and for other purposes. — Official Title as Introduced

Lobbying

5 clients hired 5 firms and 18 registered lobbyists who named H.R. 3204 in 11 quarterly filings, 2025 to 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Taxation/Internal Revenue Code, Budget/Appropriations, Science/Technology, Telecommunications, Trade (domestic/foreign), Defense, Environment/Superfund, Immigration.

Clients

Who paid to be heard, by how many filings named the bill.

ClientBusinessStateFirmsFilingsReported
APPLIED MATERIALS, INC.Semiconductor equipment manufacturerCalifornia15$270K
SEMICONDUCTOR INDUSTRY ASSOCIATION—District of Columbia13—
TSMC ARIZONASemiconductor Manufacturing Company.Arizona11$50K
MICRON TECHNOLOGY, INC.Technology manufacturerIdaho11$30K
BROADCOM INC—District of Columbia11—

Firms

Registrants who filed on the bill, by filings.

RegistrantClientsFilingsReported
THE WASHINGTON TAX & PUBLIC POLICY GROUP15$270K
SEMICONDUCTOR INDUSTRY ASSOCIATION13—
BROADCOM INC.11—
HILL EAST GROUP, LLC11$30K
PENN AVENUE PARTNERS11$50K

Lobbyists

Named on the filings that cite the bill.

LobbyistFirmsClientsFilings
GREGORY NICKERSON115
JAMES PEDROTTI115
ZACHARY PRICE115
DAVID ISAACS113
MOLLY O'LEARY113
ZACHARY ISAKOWITZ112
BRAD GENTILE111
CHRISTINA MCGARRY DAVID111
ERIN O'CONNOR ELLIOTT111
GREGORY MAURER111
JAMES REDSTONE111
JAY SULZMANN111
JERR ROSENBAUM111
JOHN KATKO111
RACHELLE CELEBREZZE111
TIMOTHY HANNEGAN111
TYLER GUTCHESS111
ZACHARY HOWELL111

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

ClientRegistrantPeriodReportedDocument
SEMICONDUCTOR INDUSTRY ASSOCIATIONSEMICONDUCTOR INDUSTRY ASSOCIATION2025 second_quarter$476K2nd Quarter - Report
SEMICONDUCTOR INDUSTRY ASSOCIATIONSEMICONDUCTOR INDUSTRY ASSOCIATION2026 second_quarter$460K2nd Quarter - Report
BROADCOM INCBROADCOM INC.2026 second_quarter$420K2nd Quarter - Report
SEMICONDUCTOR INDUSTRY ASSOCIATIONSEMICONDUCTOR INDUSTRY ASSOCIATION2025 third_quarter$420K3rd Quarter - Report
APPLIED MATERIALS, INC.THE WASHINGTON TAX & PUBLIC POLICY GROUP2026 second_quarter$60K2nd Quarter - Report
APPLIED MATERIALS, INC.THE WASHINGTON TAX & PUBLIC POLICY GROUP2026 first_quarter$60K1st Quarter - Report
APPLIED MATERIALS, INC.THE WASHINGTON TAX & PUBLIC POLICY GROUP2025 fourth_quarter$50K4th Quarter - Report
APPLIED MATERIALS, INC.THE WASHINGTON TAX & PUBLIC POLICY GROUP2025 third_quarter$50K3rd Quarter - Report
APPLIED MATERIALS, INC.THE WASHINGTON TAX & PUBLIC POLICY GROUP2025 second_quarter$50K2nd Quarter - Report
TSMC ARIZONAPENN AVENUE PARTNERS2025 second_quarter$50K2nd Quarter - Report
MICRON TECHNOLOGY, INC.HILL EAST GROUP, LLC2025 second_quarter$30K2nd Quarter - Report

Classification

The Congressional Research Service files H.R. 3204 under Taxation, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 3204’s is Taxation.

hr3204/policy-areas.txt
TaxationAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesFinance and Financial SectorForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTransportation and Public WorksWater Resources Development

Source: congress.gov · legiscan.com