| Bill | HR 1676 |
|---|---|
| Type of Legislation | House Bill |
| Congress | 118 |
| Status | Archived — 118th Congress concluded |
| Source | View original on Congress.gov |
Geographic Scope
National
Description
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.
Bill Title
Bring American Companies Home Act
Linked Goals
Steps
- 2023-03-21: Referred to the House Committee on Ways and Means.
- 2023-03-21: Introduced in House
- 2023-03-21: Introduced in House
Projected Outcome
A more informed proposal or public response aligned with the Promote General Welfare goal.