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Bring American Companies Home Act

USA118th CongressHR-1676| House 
| Updated: 3/21/2023
Mark E. Green

Mark E. Green

Republican Representative

Tennessee

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Bring American Companies Home Act This bill allows United States persons (i.e., U.S. citizens or residents, partnerships, corporations, estates and trusts) to expense the cost of moving inventory, equipment, and supplies from China to the United States. Expensing is the tax rule that allows a taxpayer to deduct costs in the year in which they are incurred.
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Timeline
Mar 21, 2023
Introduced in House
Mar 21, 2023
Referred to the House Committee on Ways and Means.
  • March 21, 2023
    Introduced in House


  • March 21, 2023
    Referred to the House Committee on Ways and Means.

Taxation

Bring American Companies Home Act

USA118th CongressHR-1676| House 
| Updated: 3/21/2023
Bring American Companies Home Act This bill allows United States persons (i.e., U.S. citizens or residents, partnerships, corporations, estates and trusts) to expense the cost of moving inventory, equipment, and supplies from China to the United States. Expensing is the tax rule that allows a taxpayer to deduct costs in the year in which they are incurred.
View Full Text

Suggested Questions

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

Timeline
Mar 21, 2023
Introduced in House
Mar 21, 2023
Referred to the House Committee on Ways and Means.
  • March 21, 2023
    Introduced in House


  • March 21, 2023
    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