Bill > HR5649

This bill, the Bring Entrepreneurial Advancements To Consumers Here In North America Act, aims to provide tax incentives for manufacturers to relocate their operations from foreign countries to the United States. The key provisions include: 1. Accelerated depreciation for nonresidential real property acquired in connection with the relocation of manufacturing to the U.S., allowing such property to be treated as 20-year property for tax purposes. 2. Exclusion of gain from the sale or exchange of property used in manufacturing in a foreign country, if the sale is in connection with the relocation of that manufacturing to the U.S. 3. Permanent full expensing (100% bonus depreciation) for qualified property, which was previously set to phase out over time. These measures are designed to incentivize companies to move their manufacturing operations back to the United States, with the goal of increasing domestic production and economic activity.

Budget and Finance

https://www.congress.gov/bill/117th-congress/house-bill/5649/all-info