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119-hr-2652119th CongressWALLET

Bring Entrepreneurial Advancements To Consumers Here In North America Act

Sponsored By: Representative Roy, Chip [R-TX-21]

Introduced

Summary

Encourages manufacturers to move production back to the U.S. by cutting after-tax costs for relocation investments and making full expensing permanent. This bill would create targeted tax incentives to spur nearshoring, speed write-offs for property used in U.S. manufacturing, and exclude gains when companies sell foreign plant assets tied to a relocation.

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  • Manufacturers would get faster tax write-offs for relocation-related buildings and equipment. That property would be treated as 20-year property for depreciation and be eligible for permanent 100% expensing.
  • Companies that sell property used in foreign manufacturing as part of a qualified relocation would be able to exclude gain from gross income on those sales.
  • Certain planted or grafted plants are explicitly included as qualifying property for the permanent 100% expensing rule.

*It would lower after-tax costs for companies that move production to the United States and expand tax incentives aimed at encouraging nearshoring.*

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Bill Overview

Analyzed Economic Effects

3 provisions identified: 2 benefits, 1 costs, 0 mixed.

Permanent 100% expensing for business equipment

If enacted, businesses could expense 100% of the cost of qualifying property in the first year. It would apply to property placed in service after September 27, 2017. For certain specified plants, the rule would apply when planted or grafted, without the January 1, 2027 cutoff. This could lower taxable income in the year of purchase and improve cash flow.

Tax breaks to move manufacturing to U.S.

If enacted, manufacturers that move production from a foreign country to the United States would get two tax breaks. New U.S. nonresidential buildings tied to the move would be treated as 20-year property and could also use bonus depreciation. To qualify, U.S. output must rise at least as much as foreign output falls and the product must be substantially identical. Gains on selling foreign equipment used before the move would be excluded from income. These rules would apply to property placed in service and sales made after enactment, and U.S. possessions would count as in the United States.

Tax rule limited to 7-year assets

If enacted, a related tax rule would apply only to property with a recovery period of 7 years or less. This would narrow which assets qualify for that treatment. Longer-lived assets would no longer qualify. The change would apply as if it had been part of the 2017 tax law.

Sponsors & CoSponsors

Sponsor

Roy, Chip [R-TX-21]

TX • R

Cosponsors

  • Rep. Moore, Barry [R-AL-1]

    AL • R

    Sponsored 4/3/2025

Roll Call Votes

No roll call votes available for this bill.

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