3.0.0 947 2024-07-24T15:23:43Z 2024-07-24T15:23:43Z House H HR 2023-02-09 118 [Congressional Record Volume 169, Number 27 (Thursday, February 9, 2023)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. ROY:H.R. 947.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 18 of the United StatesConstitution--to make all Laws which shall be necessary andproper for carrying into Execution the foregoing Powers, andall other Powers vested by this Constitution in theGovernment of the United States, or any Department or Officerthereof.The single subject of this legislation is:The bill would incentivize the reshoring of USmanufacturing through the tax code.[Page H828]]]> hswm00 Ways and Means Committee House Standing Referred to 2023-02-09T14:10:25Z ALIGN Act 118 2406 HR 2023-03-30 Referred to the House Committee on Ways and Means. Related bill CRS ALIGN Act 118 1117 S 2023-03-30 Read twice and referred to the Committee on Finance. Related bill CRS Countering Communist China Act 118 7476 HR 2024-02-29 Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, Ways and Means, Rules, the Judiciary, Oversight and Accountability, Energy and Commerce, Intelligence (Permanent Select), Agriculture, Science, Space, and Technology, Natural Resources, Education and the Workforce, Armed Services, Transportation and Infrastructure, and Veterans' Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. Related bill CRS 2023-02-09 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2023-02-09 Introduced in House IntroReferral Intro-H 9 Library of Congress 2023-02-09 Introduced in House IntroReferral 1000 9 Library of Congress R000614 Rep. Roy, Chip [R-TX-21] Chip Roy R TX 21 N B001311 Rep. Bishop, Dan [R-NC-8] Dan Bishop R NC 8 2023-02-09 True G000565 Rep. Gosar, Paul A. [R-AZ-9] Paul Gosar R AZ A. 9 2023-02-09 True B001291 Rep. Babin, Brian [R-TX-36] Brian Babin R TX 36 2023-02-09 True W000814 Rep. Weber, Randy K., Sr. [R-TX-14] Randy Weber R TX K. 14 2023-02-17 False L000589 Rep. Lesko, Debbie [R-AZ-8] Debbie Lesko R AZ 8 2023-02-17 False G000595 Rep. Good, Bob [R-VA-5] Bob Good R VA 5 2023-08-25 False Taxation Taxation 2023-03-09T14:15:27Z 00 2023-02-09 Introduced in House 2023-03-09T18:37:58Z Bring Entrepreneurial Advancements To Consumers Here In North America Act

This bill provides tax incentives for relocating manufacturing facilities in the United States.

Specifically, it allows accelerated depreciation (20-year recovery period) for nonresidential real property acquired in connection with the relocation of manufacturing facilities in the United States. It also excludes from gross income, for income tax purposes, gain on the sale or exchange of such relocated facilities.

Finally, the bill allows permanent 100% expensing of manufacturing property relocated in the United States.

]]> Bring Entrepreneurial Advancements To Consumers Here In North America Act Display Title 45 Bring Entrepreneurial Advancements To Consumers Here In North America Act 2024-07-24T15:23:43Z Short Title(s) as Introduced 101 Bring Entrepreneurial Advancements To Consumers Here In North America Act 2024-05-24T13:42:23Z Introduced in House IH Official Title as Introduced 6 To amend the Internal Revenue Code of 1986 to provide incentives for relocating manufacturing to the United States, permanent full expensing for qualified property, and for other purposes. 2024-03-18T20:19:22Z Introduced in House IH Introduced in House 2023-02-09T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr947ih/xml/BILLS-118hr947ih.xml 2023-02-09 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.