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

This bill introduces significant tax breaks for companies that choose to relocate their manufacturing operations from foreign countries back to the United States. Citizens may benefit from the creation of new domestic jobs and potentially greater availability of US-made products. Furthermore, the act makes 100% bonus depreciation (full expensing) permanent for qualified business property, encouraging companies to invest and modernize their operations.
Key points
Incentives for Reshoring: Companies relocating manufacturing from abroad to the US will receive accelerated depreciation for nonresidential real property and exclusion of gain on the disposition of property used in the foreign manufacturing process.
Permanent Full Expensing: The bill makes the 100% bonus depreciation permanent for qualified property, allowing businesses to immediately deduct the full cost of investments from their taxable income, rather than spreading it over several years.
Job Market Impact: The primary goal is to boost domestic manufacturing employment by incentivizing the relocation of factories and increasing capital investment within the United States.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_2652
Sponsor: Rep. Roy, Chip [R-TX-21]
Process start date: 2025-04-03
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Summarized by: gemini-flash-latest
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 119_HR_2652.

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 2025-04-03.

What are the main provisions?

Key points include:

  • Incentives for Reshoring: Companies relocating manufacturing from abroad to the US will receive accelerated depreciation for nonresidential real property and exclusion of gain on the disposition of property used in the foreign manufacturing process.
  • Permanent Full Expensing: The bill makes the 100% bonus depreciation permanent for qualified property, allowing businesses to immediately deduct the full cost of investments from their taxable income, rather than spreading it over several years.
  • Job Market Impact: The primary goal is to boost domestic manufacturing employment by incentivizing the relocation of factories and increasing capital investment within the United States.
What is the specific legal status?

The current status is Introduced.

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 2025-12-24.

CATEGORIES

Taxes Economy