To allow expensing of amounts paid to move business property from China to the United States, and for other purposes.

Summary

This bill directs the Department of the Treasury to establish a program to treat amounts paid by U.S citizens or business entities to move their inventory, equipment, and supplies from China to the United States as items of expense, deductible in the year in which they are incurred. The cost of this expensing allowance shall be paid for with tariffs collected by the United States on goods manufactured in China.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 18 February 2021

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• Introduced in House (PDF)

  Introduced in House · EN · 18 February 2021

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• Introduced in House

  summary · EN · 18 February 2021

  Open at official source

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