S.Amdt. 2747

SA 2747. Mr. LEE submitted an amendment intended to be proposed to
amendment SA 2360 proposed by Mr. Thune (for Mr. Graham) to the bill
H.R. 1, to provide for reconciliation pursuant to title II of H. Con.
Res. 14; which was ordered to lie on the table; as follows:

At the appropriate place in chapter 5 of subtitle A of
title VII, insert the following:

SEC. 705__. ADDITIONAL PROVISIONS RELATING TO ADVANCED
MANUFACTURING PRODUCTION CREDIT.

(a) In General.--Section 45X(b)(3), as amended by the
preceding provisions of this Act, is amended by striking
subparagraphs (B) through (E) and inserting the following:
``(B) Phase out percentage.--The phase out percentage
(which shall not be less than zero) under this subparagraph
is equal to--
``(i) in the case of an eligible component produced during
calendar year 2025, 75 percent, and
``(ii) for any eligible component produced during calendar
year 2026 or any subsequent calendar year, the phase out
percentage for the preceding calendar year reduced by 10
percentage points.
``(C) Rounding.--Any credit amount reduced under this
paragraph shall be rounded to the nearest cent.
``(D) Publication.--The Secretary shall annually publish
the credit amount determined under this subsection after the
application of this paragraph.''.
(b) Effective Date.--The amendments made by this section
shall apply to eligible components produced after December
31, 2024.
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