3.0.0 2571 2024-12-21T09:05:27Z 2024-12-21T09:05:27Z House H HR 2023-04-10 118 <pre>[Congressional Record Volume 169, Number 61 (Monday, April 10, 2023)][House]From the Congressional Record Online through the Government Publishing Office [<a href="https://www.gpo.gov">www.gpo.gov</a>]By Mr. POSEY:H.R. 2571.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1 of the Constitution to``provide for the common defense and general welfare of theUnited States.''The single subject of this legislation is:This bill allows business taxpayers a tax credit, up to $25million in a taxable year, for the cost of eligible reshoringexpenses.[Page H1719]</pre> hswm00 Ways and Means Committee House Standing hswm04 Trade Subcommittee Referred to 2024-12-17T15:41:07Z Referred to 2023-04-10T18:01:35Z 2024-12-17 hswm04 Trade Subcommittee 1 House committee actions Referred to the Subcommittee on Trade. Committee 2023-04-10 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2023-04-10 Introduced in House IntroReferral Intro-H 9 Library of Congress 2023-04-10 Introduced in House IntroReferral 1000 9 Library of Congress P000599 Rep. Posey, Bill [R-FL-8] Bill Posey R FL 8 N Taxation Taxation 2023-04-19T19:15:16Z

00 2023-04-10 Introduced in House 2023-04-19T19:39:44Z <p><b>Reshoring American Manufacturing Act of 2023 or the RAM Act of 2023</b></p> <p>This bill allows business taxpayers a tax credit, up to $25 million in a taxable year, for the cost of eligible reshoring expenses. The bill defines <i>eligible reshoring expenses </i>as amounts paid for the transportation (including any import duties, fees, or tariffs imposed with respect to such transportation) of manufacturing equipment from China to the United States. The credit expires after 2026. </p>

Display Title 45 2024-07-24T15:22:52Z Short Title(s) as Introduced 101 2024-05-24T13:41:05Z Introduced in House IH Short Title(s) as Introduced 101 2024-05-24T13:41:05Z Introduced in House IH Official Title as Introduced 6 2024-03-18T20:36:18Z Introduced in House IH Introduced in House 2023-04-10T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr2571ih/xml/BILLS-118hr2571ih.xml 2024-12-17 Referred to the Subcommittee on Trade. 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.