118th Congress Taxation
H.R. 947: Bring Entrepreneurial Advancements To Consumers Here In North America Act
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill provides tax incentives for relocating manufacturing facilities in the United States.
Specifically, it allows accelerated depreciation (20-year recovery period) for nonresidential real property acquired in connection with the relocation of manufacturing facilities in the United States. It also excludes from gross income, for income tax purposes, gain on the sale or exchange of such relocated facilities.
Finally, the bill allows permanent 100% expensing of manufacturing property relocated in the United States.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Brian Babin R-TXOriginal
- Dan Bishop R-NCOriginal
- Paul Gosar R-AZOriginal
- Debbie Lesko R-AZ
- Randy Weber R-TX
- Robert Good R-VA
Who scored on this bill
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Other bills by Chip Roy
History
- Introduced in the House by Chip Roy.
Show the full action history (2 actions)
- Introduced in House
- Referred to the House Committee on Ways and Means.