Bring Entrepreneurial Advancements To Consumers Here In North America Act

Summary

Bring Entrepreneurial Advancements To Consumers Here In North America Act 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.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 20 October 2021

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• Introduced in House (PDF)

  Introduced in House · EN · 20 October 2021

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• Introduced in House

  summary · EN · 20 October 2021

  Open at official source

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