H.R. 5649 · 117th Congress
Bring Entrepreneurial Advancements To Consumers Here In North America Act
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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RoySponsor15 cosponsors · 15 R
R
Boebert
TB
R
Budd
DB
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Bishop
MC
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Cawthorn
MF
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Fischbach
LG
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Gohmert
PG
R
Gosar
BG
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Good
MM
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Miller
WS
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Steube
JV
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Van Drew
RW
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Weber
JG
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González-Colón
BB
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Babin
DL
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Lesko12 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Bring Entrepreneurial Advancements To Consumers Here In North America Act
What it does: CRS summary · Introduced in House · Oct 20, 2021
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Bring Entrepreneurial Advancements To Consumers Here In North America Act
Latest action (Oct 20, 2021): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Oct 20, 2021
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.