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Tax incentives for relocating manufacturing to the US and permanent expensing.

This bill aims to encourage companies to move manufacturing from abroad to the United States by introducing new tax incentives. This includes accelerated depreciation for real estate used in manufacturing and tax exemption on gains from selling assets used abroad. Additionally, the bill introduces permanent, 100% expensing for qualified property, which can reduce investment costs for many businesses.
Key points
Companies relocating manufacturing to the US can depreciate real estate costs faster, reducing their taxes.
Gains from selling property used abroad, in connection with manufacturing relocation to the US, will be tax-exempt.
All qualified investments in equipment and other assets can be fully expensed in the year of purchase, supporting business growth.
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Expired
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Additional Information
Print number: 117_HR_5649
Sponsor: Rep. Roy, Chip [R-TX-21]
Process start date: 2021-10-20
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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

Bring Entrepreneurial Advancements To Consumers Here In North America Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_5649.

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 2021-10-20.

What are the main provisions?

Key points include:

  • Companies relocating manufacturing to the US can depreciate real estate costs faster, reducing their taxes.
  • Gains from selling property used abroad, in connection with manufacturing relocation to the US, will be tax-exempt.
  • All qualified investments in equipment and other assets can be fully expensed in the year of purchase, supporting business growth.
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. Roy, Chip [R-TX-21].

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 2025-12-28.

CATEGORIES

Taxes Economy