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Stabenow works to amend tax laws

DebbieStabenow

U.S. Senator Debbie Stabenow announced legislation yesterday amending our tax laws.  The bill makes it clear that both companies using contract manufacturers and the contract manufacturers themselves are eligible to claim tax deductions that reward domestic manufacturing activities in the United States. Senator Stabenow’s legislation would clarify tax law section 199. It provides companies with a 9% deduction on their income from domestic manufacturing activities, making U.S. manufacturing a more attractive investment. Under current tax law, it is unclear whether a company using a contract manufacturer or the contract manufacturer itself is eligible to claim the deduction.  

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