1. Short title This Act may be cited as the Made in the U.S.A. Act . 2. Made in the USA tax credit (a) In general Subpart C of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 36C the following new section: 36D. Made in the USA tax credit (a) In general In the case of an eligible taxpayer, there shall be allowed as a credit against the tax imposed by this subtitle for any taxable year an amount equal to so much of 30 percent of the qualified expenditures of the taxpayer during the taxable year as does not exceed $2,500 (twice such amount in the case of a married couple filing jointly). (1) in the case of a joint return, $5,000, or (2) in the case of any other taxpayer, $2,500. (b) Eligible taxpayer For purposes of this section, the term eligible taxpayer means an individual who cannot be claimed as a dependent whose— (1) adjusted gross income does not exceed— (A) $250,000 in the case of a joint return, or (B) $125,000 in the case of any other taxpayer, and (2) capital gain net income for the taxable year does not exceed— (A) $40,000 in the case of a joint return, or (B) $20,000 in the case of any other taxpayer. (c) Qualified expenditures (1) In general For purposes of this section, the term qualified expenditures means so much of the purchase price of the price of a tangible product as does not exceed $500 if such product— (A) may be labeled as Made in the United States in accordance with section 323.2 of title 16, Code of Federal Regulations (or any successor regulation), and (B) is not— (i) a firearm, (ii) ammunition, (iii) alcohol, (iv) tobacco, (v) a vehicle, (vi) gasoline, (vii) a luxury good, (viii) food, or (ix) non-depreciable real property. (2) Luxury good For purposes of this subsection, the term luxury good means— (A) an item sold to the taxpayer for an amount that exceeds $2,000, (B) a wrist or pocket watch the case of which is clad in or made of precious metal, (C) jewelry containing pearls, gems, precious and semi-precious stones, or