The U.S. IRS has announced the issuance of guidance for the advanced manufacturing investment credit. --- Treasury, IRS issue guidance for the advanced manufacturing investment credit IR-2023-117, June 14, 2023 WASHINGTON — The Internal Revenue Service today issued proposed regulations that provide guidance regarding the implementation of the elective payment provisions of the Advanced Manufacturing Investment Credit, established by the Creating Helpful Incentives to Produce Semiconductors Act of 2022, commonly known as the CHIPS Act. This credit will incentivize the manufacture of semiconductors and semiconductor manufacturing equipment within the United States. The credit is available to taxpayers that meet certain...