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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.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_508
Sponsor: Rep. Green, Mark E. [R-TN-7]
Process start date: 2025-01-16
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Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Bring American Companies Home Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_508.

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 2025-01-16.

What are the main provisions?

Key points include:

  • 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.
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. Green, Mark E. [R-TN-7].

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 2025-12-23.

CATEGORIES

Taxes Economy