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Tax Policy Update from IPC: The House Tax Bill, and What It Means for Electronics Manufacturers
May 20, 2025 | IPCEstimated reading time: 2 minutes
On May 13, the House Ways and Means Committee advanced a major tax package that includes several provisions supported by IPC. These provisions—including restoring bonus depreciation, immediate R&D expensing, and strengthening the pass-through deduction—were identified by IPC members as key tools that would help them invest, grow, and compete more effectively. While the legislation still has a long way to go before becoming law, its passage out of committee marks a critical step forward.
Here’s what’s in the bill, and what it could mean for electronics manufacturers.
Key Provisions Included in the Bill:
Restores 100% Bonus Depreciation
- Allows businesses to immediately write off the full cost of qualifying equipment and machinery investments.
- Helps manufacturers reinvest in advanced tools, automation, and production lines—a top priority identified by IPC members.
Restores Immediate Expensing for Domestic R&D
- Reverses the current amortization of R&D expenses and allows companies to fully deduct domestic research costs in the year incurred.
- Encourages continued investment in innovation—especially for small and mid-sized firms.
Expands and Makes Permanent Section 199A Pass-Through Deduction
- Increases the deduction for qualified business income to 23% and simplifies the rules for small and medium-sized businesses.
- Supports the many IPC members organized as S corporations or partnerships.
What’s Not in This Version of the Bill
While the bill includes several of IPC’s top priorities, it does not include new or expanded tax credits targeted specifically at electronics manufacturing. Proposals such as:
- A 25% tax credit for sourcing U.S.-made printed circuit boards (PCBs)
- Expansion of the Section 48D and 45X credits to include PCB and electronics assembly production
…were not incorporated into this version of the bill.
Given the current focus on limiting the bill’s impact on the national debt, lawmakers prioritized restoring and extending existing tax provisions rather than creating new ones. IPC understands the constraints facing Congress and appreciates the inclusion of meaningful pro-manufacturing policies in this package.
We will continue working with policymakers to make the case for targeted incentives that address the specific gaps in the U.S. electronics manufacturing ecosystem — especially as future legislative opportunities arise.
IPC CEO John Mitchell: "A Strong Step Forward"
“These provisions are proven tools that help manufacturers reinvest, innovate, and grow,” said IPC President and CEO Dr. John W. Mitchell.
“We’re encouraged by this strong step forward and urge Congress to keep up the momentum. With continued leadership in the House and action by the Senate, a tax package that supports American innovation, investment, and industrial capacity can be enacted this year.”
What Happens Next?
- The bill now moves to the full House of Representatives for consideration.
- The Senate must also act; discussions are ongoing.
- Congressional Republicans have targeted a July 4 date for final passage.
- IPC will continue pressing lawmakers to support provisions that benefit the entire electronics manufacturing supply chain.
Want to learn more or share your perspective? Contact advocacy@ipc.org or visit www.ipc.org/advocacy for more information.
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Sweeney Ng - CEE PCBSuggested Items
Creating Connections in Mexico
07/30/2025 | Michelle Te, Community MagazineA concerted effort by the Global Electronics Association—Mexico team over the past year has created inroads for the Global Electronics Association (formerly IPC) with leading electronics companies, government offices, and academic institutions in Mexico. “Our goal is to bring more awareness to what the Global Electronics Association is and what it offers,” says Lorena Villanueva, senior director. “We also aim to increase our membership. Of 3,200 members of the Global Electronics Association, only 180 are in Mexico.”
Powering Progress: Summer 2025 Community Magazine Now Available
07/22/2025 | Community MagazineIn the new Summer 2025 edition of Community Magazine, members of the Global Electronics Association demonstrate what progress really looks like—through innovation on the factory floor, influence on public policy, and investment in the next generation of engineers.
TRI to Exhibit at SMTA Queretaro Expo 2025
07/16/2025 | TRITest Research, Inc. (TRI), the leading provider of test and inspection systems for the electronics manufacturing industry, is pleased to announce plans to exhibit at the SMTA Querétaro Expo 2025, scheduled to take place on July 24, 2025, at the Querétaro Centro de Congresos y Teatro Metropolitano.
Global PCB Connections: Let the Spec Fit the Board, Not Just the Brand
07/17/2025 | Jerome Larez -- Column: Global PCB ConnectionsIf you’ve ever seen an excellent PCB quote delayed, or worse, go cold because of a single line on the fab print, you’re not alone. Often, that line reads something like, “Use 370HR only,” or “IT-180A required.” These and other brand-name materials are proven performers, but unless your design needs that specific resin system (say, for RF performance, thermal reliability, or stringent CAF resistance), you may inadvertently be holding your job hostage.
IPC Hall of Fame Spotlight Series: Highlighting Lionel Fullwood
07/15/2025 | Dan Feinberg, I-Connect007Many IPC members who have contributed significantly to IPC and our industry have been awarded the IPC Raymond E. Pritchard Hall of Fame (HOF) Award. Though many early HOF members have passed away and are unknown to today’s IPC membership, their contributions still resonate. This special series on IPC Hall of Fame members provides a reminder of who was honored and why. As a bonus, for those who are still around, we get to find out what these talented individuals are up to today.