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Main Subject: Taxation

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.

HR2558-117, S1166-117,

House floor actions Actions

IntroReferral
Oct. 20 2021	Referred to the House Committee on Ways and Means.

Library of Congress Actions

IntroReferral
Oct. 20 2021	Introduced in House Introduced in House

House bill HR5649-117

Bring Entrepreneurial Advancements To Consumers Here In North America Act

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