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Tax Deductions for Companies Relocating from China to US

This bill aims to encourage American companies to move their production and operations from China back to the United States. Businesses will be able to deduct relocation costs from their taxes, supporting job creation and economic growth domestically. The funding for these tax breaks will come from tariffs collected on goods manufactured in China.
Key points
Companies moving operations from China to the US can deduct relocation expenses from taxes.
The program will be funded by tariffs collected on goods manufactured in China.
The goal is to support the return of manufacturing to the United States and create new jobs.
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Status: Introduced
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Additional Information
Print number: 119_HR_508
Sponsor: Rep. Green, Mark E. [R-TN-7]
Process start date: 2025-01-16