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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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Additional Information
To allow expensing of amounts paid to move business property from China to the United States, and for other purposes.
Print number: HR 1128
Sponsor: Rep. Green, Mark E. [R-TN-7]
Process start date: 2021-02-18