Bring Entrepreneurial Advancements To Consumers Here In North America Act
Latest action · Oct 20, 2021 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedOct 20, 2021
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
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.
Cosponsors 15
Members who signed on, in the order they did. Signatures ran from Oct 20, 2021 to Nov 12, 2021, with 12 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-VA | Bob Good | Original | Oct 20, 2021 |
| R-NC | Dan Bishop | Original | Oct 20, 2021 |
| R-NJ | Jefferson Van Drew | Original | Oct 20, 2021 |
| R-CO | Lauren Boebert | Original | Oct 20, 2021 |
| R-TX | Louie Gohmert | Original | Oct 20, 2021 |
| R-NC | Madison Cawthorn | Original | Oct 20, 2021 |
| R-IL | Mary E. Miller | Original | Oct 20, 2021 |
| R-MN | Michelle Fischbach | Original | Oct 20, 2021 |
| R-AZ | Paul A. Gosar | Original | Oct 20, 2021 |
| R-TX | Randy K. Weber, Sr. | Original | Oct 20, 2021 |
| R-NC | Ted Budd | Original | Oct 20, 2021 |
| R-FL | W. Gregory Steube | Original | Oct 20, 2021 |
| R-PR | Jenniffer González-Colón | Oct 21, 2021 | |
| R-TX | Brian Babin | Nov 1, 2021 | |
| R-AZ | Debbie Lesko | Nov 12, 2021 |
Actions 2
Everything that happened, newest first.
- Oct 20, 2021Introduced in House
- Oct 20, 2021Referred to the House Committee on Ways and Means.
Related bills 2
Companion bills and other measures the record links to this one.
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Oct 20, 2021Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.