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

USA116th CongressHR-6903| House 
| Updated: 5/15/2020
Mark E. Green

Mark E. Green

Republican Representative

Tennessee

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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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Timeline
May 15, 2020
Introduced in House
May 15, 2020
Referred to the House Committee on Ways and Means.
  • May 15, 2020
    Introduced in House


  • May 15, 2020
    Referred to the House Committee on Ways and Means.

Taxation

Administrative law and regulatory proceduresAsiaBusiness expensesChinaDepartment of the TreasuryGovernment trust fundsIncome tax deductionsTariffs

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

USA116th CongressHR-6903| House 
| Updated: 5/15/2020
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
May 15, 2020
Introduced in House
May 15, 2020
Referred to the House Committee on Ways and Means.
  • May 15, 2020
    Introduced in House


  • May 15, 2020
    Referred to the House Committee on Ways and Means.
Mark E. Green

Mark E. Green

Republican Representative

Tennessee

Ways and Means Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Administrative law and regulatory proceduresAsiaBusiness expensesChinaDepartment of the TreasuryGovernment trust fundsIncome tax deductionsTariffs