Press Releases & Statements / Manufacturing and Industrial Policy
Treasury Finalizes 45X Rule for a Better Domestic Manufacturing Sector
The U.S. Department of the Treasury today released the final rule on the 45X tax credit, a production tax credit meant to grow domestic manufacturing for solar, wind, batteries, and critical materials. Federal investments and tax credits in manufacturing and climate action—made possible by the Biden-Harris administration’s Inflation Reduction Act—have the potential to create 900,000 jobs by 2032.