To allow expensing of amounts paid to move business property from China to the United States, and for other purposes.
USA117th CongressHR-1128| House
| Updated: 2/18/2021
Mark E. Green
Republican Representative
Tennessee
Cosponsors (1)
Ways and Means Committee, Trade Subcommittee
- 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
Bill from Previous Congress
HR 116-6903To allow expensing of amounts paid to move business property from China to the United States, and for other purposes.
Introduced in House
Referred to the House Committee on Ways and Means.
Referred to the Subcommittee on Trade.
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.
USA117th CongressHR-1128| House
| Updated: 2/18/2021
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 TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Bill from Previous Congress
HR 116-6903To allow expensing of amounts paid to move business property from China to the United States, and for other purposes.
Introduced in House
Referred to the House Committee on Ways and Means.
Referred to the Subcommittee on Trade.
Mark E. Green
Republican Representative
Tennessee
Cosponsors (1)
Ways and Means Committee, Trade Subcommittee
Taxation
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Administrative law and regulatory proceduresAsiaBusiness expensesChinaDepartment of the TreasuryGovernment trust fundsIncome tax deductionsTariffs