Revenue Code of 1986 is amended— (1) in paragraph (37), by striking plus , (2) in paragraph (38), by striking the period at the end and inserting , plus , and (3) by adding at the end the following new paragraph: (39) the credit for the purchase or acquisition of printed circuit boards fabricated in the United States determined under section 45AA. . (d) Effective date The amendments made by this section shall apply to amounts paid or incurred after December 31, 2022. 3. Incentives for printed circuit board manufacturing and research and development (a) Definitions In this section: (1) Active component The term active component means, with respect to a printed circuit board, an electronic component within an electronic circuit that relies on an external power source to control or modify electrical signals. (2) Covered entity The term covered entity means a private entity, a consortium of private entities, or a consortium of public and private entities with the ability to substantially finance, construct, expand, or modernize a facility relating to manufacturing or research and development of printed circuit boards and integrated circuit substrates. (3) Covered incentive The term covered incentive means— (A) an incentive used for the purposes of constructing, expanding, or modernizing a facility described in paragraph (2) that will be located in the United States