To allow expensing of amounts paid to move business property from China to the United States, and for other purposes.

3.0.0 6903 2023-01-11T13:42:53Z 2023-01-11T13:42:53Z House HR 2020-05-15 116 [Congressional Record Volume 166, Number 92 (Friday, May 15, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. GREEN of Tennessee:H.R. 6903.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8[Page H2261]]]> hswm00 Ways and Means Committee House Standing Referred to 2020-05-15T13:05:15Z 2020-05-15 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2020-05-15 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-05-15 Introduced in House IntroReferral 1000 9 Library of Congress G000590 Rep. Green, Mark E. [R-TN-7] Mark Green R TN E. 7 N Taxation Administrative law and regulatory procedures Asia Business expenses China Department of the Treasury Government trust funds Income tax deductions Tariffs Taxation

00 2020-05-15 Introduced in House 2020-06-19T14:49:35Z This bill directs the Department of the Treasury to establish a program to treat amounts paid by U.S citizens or business entities to move their inventory, equipment, and supplies from China to the United States as items of expense, deductible in the year in which they are incurred. The cost of this expensing allowance shall be paid for with tariffs collected by the United States on goods manufactured in China.

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To allow expensing of amounts paid to move business property from China to the United States, and for other purposes. Display Title To allow expensing of amounts paid to move business property from China to the United States, and for other purposes. Official Title as Introduced To allow expensing of amounts paid to move business property from China to the United States, and for other purposes. Introduced in House IH Introduced in House 2020-05-15T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr6903ih/xml/BILLS-116hr6903ih.xml 2020-05-15 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.