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Tax Relief for Relocating Businesses from China to USA

This bill aims to encourage businesses to move their operations from China to the United States. Companies making this move will be able to deduct the costs of transporting business property from their taxes. The funds for these tax deductions are intended to come from tariffs collected on goods from China, meaning citizens will not be directly burdened by the costs.
Key points
Businesses relocating production from China to the US can deduct moving expenses from taxes.
The program will be funded by tariffs collected on Chinese goods, without burdening the state budget.
The goal is to support the return of jobs and manufacturing to the United States.
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Expired
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Additional Information
Print number: 117_HR_1128
Sponsor: Rep. Green, Mark E. [R-TN-7]
Process start date: 2021-02-18
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

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

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_1128.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-02-18.

What are the main provisions?

Key points include:

  • Businesses relocating production from China to the US can deduct moving expenses from taxes.
  • The program will be funded by tariffs collected on Chinese goods, without burdening the state budget.
  • The goal is to support the return of jobs and manufacturing to the United States.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Green, Mark E. [R-TN-7].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Taxes Economy