HR-947 : Still Just a Bill

Bring Entrepreneurial Advancements To Consumers Here In North America Act

This bill provides tax incentives for relocating manufacturing facilities in the United States.

Specifically, it allows accelerated depreciation (20-year recovery period) for nonresidential real property acquired in connection with the relocation of manufacturing facilities in the United States. It also excludes from gross income, for income tax purposes, gain on the sale or exchange of such relocated facilities.

Finally, the bill allows permanent 100% expensing of manufacturing property relocated in the United States.

Action Timeline

Action DateTypeTextSource
2023-02-09IntroReferralReferred to the House Committee on Ways and Means.House floor actions
2023-02-09IntroReferralIntroduced in HouseLibrary of Congress