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Bring Entrepreneurial Advancements To Consumers Here In North America Act

USA116th CongressS-3945| Senate 
| Updated: 6/11/2020
Kelly Loeffler

Kelly Loeffler

Republican Senator

Georgia

Cosponsors (2)
Joni Ernst (Republican)Ted Cruz (Republican)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Bring Entrepreneurial Advancements To Consumers Here In North America Act This bill allows accelerated depreciation of nonresidential real property acquired to relocate facilities for the manufacture of pharmaceuticals and medical devices or supplies in the United States. It also allows an exclusion from gross income of gain from the sale or exchange of relocation property that was used to manufacture medical products in a foreign country.
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Timeline
May 1, 2020

Latest Companion Bill Action

HR 116-6690
Introduced in House
Jun 11, 2020
Introduced in Senate
Jun 11, 2020
Read twice and referred to the Committee on Finance.
  • May 1, 2020

    Latest Companion Bill Action

    HR 116-6690
    Introduced in House


  • June 11, 2020
    Introduced in Senate


  • June 11, 2020
    Read twice and referred to the Committee on Finance.

Taxation

Related Bills

  • HR 116-6690: Bring Entrepreneurial Advancements To Consumers Here In North America Act
Accounting and auditingBusiness expensesHealth technology, devices, suppliesIncome tax deductionsIncome tax exclusionIndustrial facilitiesManufacturingPrescription drugs

Bring Entrepreneurial Advancements To Consumers Here In North America Act

USA116th CongressS-3945| Senate 
| Updated: 6/11/2020
Bring Entrepreneurial Advancements To Consumers Here In North America Act This bill allows accelerated depreciation of nonresidential real property acquired to relocate facilities for the manufacture of pharmaceuticals and medical devices or supplies in the United States. It also allows an exclusion from gross income of gain from the sale or exchange of relocation property that was used to manufacture medical products in a foreign country.
View Full Text

Suggested Questions

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

Timeline
May 1, 2020

Latest Companion Bill Action

HR 116-6690
Introduced in House
Jun 11, 2020
Introduced in Senate
Jun 11, 2020
Read twice and referred to the Committee on Finance.
  • May 1, 2020

    Latest Companion Bill Action

    HR 116-6690
    Introduced in House


  • June 11, 2020
    Introduced in Senate


  • June 11, 2020
    Read twice and referred to the Committee on Finance.
Kelly Loeffler

Kelly Loeffler

Republican Senator

Georgia

Cosponsors (2)
Joni Ernst (Republican)Ted Cruz (Republican)

Finance Committee

Taxation

Related Bills

  • HR 116-6690: Bring Entrepreneurial Advancements To Consumers Here In North America Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Accounting and auditingBusiness expensesHealth technology, devices, suppliesIncome tax deductionsIncome tax exclusionIndustrial facilitiesManufacturingPrescription drugs