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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Timeline

1. 9 February 2023

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 9 February 2023

   Introduced

   Introduced in House

   Source: IntroReferral

3. 9 February 2023

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 9 February 2023 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 9 February 2023

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 9 February 2023

  ViewDownloadOpen at official source

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  Vertaal document

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• Introduced in House

  summary · EN · 9 February 2023

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Roy, Chip [R-TX-21] · R · Sponsor
• Rep. Bishop, Dan [R-NC-8] · R · Sponsor
• Rep. Gosar, Paul A. [R-AZ-9] · R · Sponsor
• Rep. Babin, Brian [R-TX-36] · R · Sponsor
• Rep. Weber, Randy K. Sr. [R-TX-14] · R · Cosponsor
• Rep. Lesko, Debbie [R-AZ-8] · R · Cosponsor
• Rep. Good, Bob [R-VA-5] · R · Cosponsor
• · hswm00 · Standing

Related records

• related to ← ALIGN Act
• related to ← ALIGN Act
• related to ← Countering Communist China Act
• related to ← Bring Entrepreneurial Advancements To Consumers Here In North America Act