3.0.0
3938
2025-05-27T14:15:41Z
2025-05-27T14:15:41Z
House
H
HR
2023-06-09
118
[Congressional Record Volume 169, Number 101 (Friday, June 9, 2023)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. SMITH of Missouri:H.R. 3938.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8 of the Unites States Constitution.The single subject of this legislation is:The single subject of this legislation is to encourageeconomic growth.[Page H2788]
- hswm00
Ways and Means Committee
House
Standing
  - Reported By
2023-06-30T18:31:00Z
  - Markup By
2023-06-13T13:37:38Z
  - Referred To
2023-06-09T13:04:15Z
H. Rept. 118-127

- Supply Chain Security Act
118
4029
HR
2023-06-12
Referred to the House Committee on Ways and Means.
  - Related bill
CRS

- To amend the Internal Revenue Code of 1986 to impose a tax on the acquisition of United States agricultural interests by disqualified persons.
118
3996
HR
2023-06-09
Referred to the House Committee on Ways and Means.
  - Related bill
CRS

- Pay Less at the Pump Act
118
1942
S
2023-06-13
Read twice and referred to the Committee on Finance.
  - Related bill
CRS
- 2023-06-30
Placed on the Union Calendar, Calendar No. 99.
Calendars
H12410
2
House floor actions
U00099
- 2023-06-30
Reported (Amended) by the Committee on Ways and Means. H. Rept. 118-127.
Committee
H12200
2
House floor actions
  - hswm00
Ways and Means Committee
- 2023-06-30
Reported (Amended) by the Committee on Ways and Means. H. Rept. 118-127.
Committee
5000
9
Library of Congress
  - hswm00
Ways and Means Committee
- 2023-06-13
  - hswm00
Ways and Means Committee
1
House committee actions
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 24 - 18.
Committee
- 2023-06-13
  - hswm00
Ways and Means Committee
1
House committee actions
Committee Consideration and Mark-up Session Held
Committee
- 2023-06-09
Referred to the House Committee on Ways and Means.
IntroReferral
H11100
2
House floor actions
  - hswm00
Ways and Means Committee
- 2023-06-09
Introduced in House
IntroReferral
Intro-H
9
Library of Congress
- 2023-06-09
Introduced in House
IntroReferral
1000
9
Library of Congress
- S001195
Rep. Smith, Jason [R-MO-8]
Jason
Smith
R
MO
8
N
- 2023-07-27T20:23:00Z

H.R. 3938, Build It in America Act
https://www.cbo.gov/publication/59434
As reported by the House Committee on Ways and Means on June 30, 2023
Taxation
- Accounting and auditing
2023-10-02T12:15:15Z
- Alternative and renewable resources
2023-10-02T12:15:15Z
- Asia
2023-10-02T12:15:15Z
- China
2023-10-02T12:15:15Z
- Cuba
2023-10-02T12:15:15Z
- Electric power generation and transmission
2023-10-02T12:15:14Z
- Europe
2023-10-02T12:15:15Z
- Foreign and international corporations
2023-10-02T12:15:14Z
- Hybrid, electric, and advanced technology vehicles
2023-10-02T12:15:15Z
- Income tax credits
2023-10-02T12:15:14Z
- Income tax deductions
2023-10-02T12:15:15Z
- Income tax rates
2023-10-02T12:15:15Z
- Iran
2023-10-02T12:15:15Z
- Latin America
2023-10-02T12:15:15Z
- Middle East
2023-10-02T12:15:15Z
- North Korea
2023-10-02T12:15:15Z
- Russia
2023-10-02T12:15:15Z
- Taxation of foreign income
2023-10-02T12:15:15Z
- Venezuela
2023-10-02T12:15:15Z
Taxation
2023-06-12T16:15:21Z
00
2023-06-09
Introduced in House
2023-10-02T12:59:13Z
Build It in America Act
This bill provides for tax incentives to encourage investment in the United States.
The bill permits the expensing of research and experimental expenditures (including software development costs) through 2025. It extends (1) the allowance for depreciation, amortization, or depletion in determining the limitation on business interest; and (2) the 100% bonus depreciation allowance.
The bill terminates the hazardous substance Superfund financing rate. It allows a taxpayer election to disregard specified regulations when determining if any tax is an income, war profits, or excess profits tax.
The bill imposes a 60% excise tax on buyers of U.S. farmland by citizens of a country of concern (e.g., a state supporter of terrorism) or by a private business entity that is 10% or more owned by a citizen or business entity domiciled in a country of concern.
The bill repeals the clean electricity production tax credit, the clean electricity investment tax credit, the tax credit for previously owned clean vehicles, and the tax credit for qualified commercial clean vehicles. It modifies provisions of the clean vehicle tax credit, including those relating to the base amount and battery capacity.
07
2023-06-30
Reported to House
2023-10-03T18:14:40Z
Build It in America Act
This bill provides for tax incentives to encourage investment in the United States.
The bill permits the expensing of research and experimental expenditures (including software development costs) through 2025. It extends (1) the allowance for depreciation, amortization, or depletion in determining the limitation on business interest; and (2) the 100% bonus depreciation allowance.
The bill terminates the hazardous substance Superfund financing rate. It allows a taxpayer election to disregard specified regulations when determining if any tax is an income, war profits, or excess profits tax.
The bill imposes a 60% excise tax on buyers of U.S. farmland by citizens of a country of concern (e.g., a state supporter of terrorism) or by a private business entity that is 10% or more owned by a citizen or business entity domiciled in a country of concern.
The bill repeals the clean electricity production tax credit, the clean electricity investment tax credit, the tax credit for previously owned clean vehicles, and the tax credit for qualified commercial clean vehicles. It modifies provisions of the clean vehicle tax credit, including those relating to the base amount and battery capacity.

Build It in America Act
- Display Title
45

Build It in America Act
2024-07-24T15:21:44Z
- Short Title(s) as Introduced
101

Build It in America Act
2024-05-24T13:39:37Z
Introduced in House
IH
- Short Title(s) as Reported to House
102

Build It in America Act
2024-05-24T13:39:03Z
H
House
Reported in House
RH
- Official Title as Introduced
6

To amend the Internal Revenue Code of 1986 to encourage economic growth.
2024-03-18T21:05:38Z
Introduced in House
IH
- Reported in House
2023-06-30T04:00:00Z
  - https://www.govinfo.gov/content/pkg/BILLS-118hr3938rh/xml/BILLS-118hr3938rh.xml
- Introduced in House
2023-06-09T04:00:00Z
  - https://www.govinfo.gov/content/pkg/BILLS-118hr3938ih/xml/BILLS-118hr3938ih.xml
2023-06-30
Placed on the Union Calendar, Calendar No. 99.
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.
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