1. Short title This Act may be cited as the Protecting Circuit Boards and Substrates Act . 2. Tax credit for the purchase or acquisition of printed circuit boards manufactured in the United States (a) In general Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 45Z the following new section: 45AA. Credit for the purchase or acquisition of printed circuit boards fabricated in the United States (a) In general For the purposes of section 38, the credit determined under this section for the taxable year is an amount equal to 25 percent of the cost paid or incurred by the taxpayer for the purchase or acquisition of printed circuit boards fabricated in the United States for the taxable year. (b) Definitions For the purposes of this section— (1) Printed circuit board The term printed circuit board has the meaning given such term in section 3(a) of the Protecting Circuit Boards and Substrates Act. (2) Fabricated The term fabricated means the use of raw materials to manufacture a connected composite structure featuring electrically conductive and non-conductive elements by subtractive, additive, or other technique. (c) Regulations and guidance The Secretary shall, in consultation with the Secretary of Commerce, promulgate such regulations and guidance as may be necessary or appropriate to carry out this section. . (b) Clerical amendment The table of sections for subpart D of part IV of subchapter A of chapter 1 of such Code is amended by inserting after the item relating to section 45Z the following new item: Sec. 45AA. Credit for the purchase or acquisition of printed circuit boards fabricated in the United States. . (c) Credit made part of general business credit Section 38(b) of the Internal 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