HR 6690
116th Congress
House
Taxation
Accounting and auditing
Business expenses
Health technology, devices, supplies
Income tax deductions
Income tax exclusion
Industrial facilities
Manufacturing
Prescription drugs
Bring Entrepreneurial Advancements To Consumers Here In North America Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 1, 2020
Referred to the House Committee on Ways and Means.
May 1, 2020
Introduced in House
Plain-English summary
Bring Entrepreneurial Advancements To Consumers Here In North America Act
This bill allows accelerated depreciation of nonresidential real property acquired to relocate facilities for the manufacture of pharmaceuticals and medical devices or supplies in the United States. It also allows an exclusion from gross income of gain from the sale or exchange of relocation property that was used to manufacture medical products in a foreign country.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1