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Permanent Tax Incentives for Relocating Manufacturing and Business Investment in the US.

This law establishes permanent tax incentives designed to encourage companies to move their manufacturing operations from foreign countries back to the United States, aiming to boost domestic job creation. Furthermore, businesses can permanently deduct the full cost of new equipment and machinery immediately, stimulating industrial modernization and investment. Citizens may benefit from more stable supply chains and increased domestic employment opportunities.
Key points
Manufacturers relocating production to the US receive faster tax write-offs (accelerated depreciation) for new factory buildings.
The right to immediately deduct 100% of the cost of qualified new equipment and machinery (full expensing) is made permanent for businesses.
Relocating companies are exempt from paying taxes on gains made from selling property used in manufacturing in the foreign country they are leaving.
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Expired
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Additional Information
Print number: 118_HR_947
Sponsor: Rep. Roy, Chip [R-TX-21]
Process start date: 2023-02-09
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Summarized by: gemini-2.5-flash-preview-09-2025
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 118_HR_947.

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 2023-02-09.

What are the main provisions?

Key points include:

  • Manufacturers relocating production to the US receive faster tax write-offs (accelerated depreciation) for new factory buildings.
  • The right to immediately deduct 100% of the cost of qualified new equipment and machinery (full expensing) is made permanent for businesses.
  • Relocating companies are exempt from paying taxes on gains made from selling property used in manufacturing in the foreign country they are leaving.
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 2025-12-26.

CATEGORIES

Taxes Economy