S 3945
116th Congress
Senate
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
Introduced: June 11, 2020
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 11, 2020
Read twice and referred to the Committee on Finance.
Jun 11, 2020
Introduced in Senate
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
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1