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HR 947 118th Congress House Taxation

Bring Entrepreneurial Advancements To Consumers Here In North America Act

Introduced: February 9, 2023 Introduced by: Roy, Chip Republican · Texas See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 9, 2023
Referred to the House Committee on Ways and Means.
Feb 9, 2023
Introduced in House
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 Plain-English summary Congressional Research Service

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.

What's happening now February 9, 2023

Referred to the House Committee on Ways and Means.

 Related & companion bills 3
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  • S 1117 Related bill ALIGN Act
  • HR 7476 Related bill Countering Communist China Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 6
All 6 Republican 3
Good, Bob
· Aug 25, 2023
Lesko, Debbie
· Feb 17, 2023
 R
Weber, Randy K. Sr.
Texas · Feb 17, 2023
 R
Babin, Brian
Texas · Feb 9, 2023
Bishop, Dan
· Feb 9, 2023
 R
Gosar, Paul A.
Arizona · Feb 9, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 947: Bring Entrepreneurial Advancements To Consumers Here In North America Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-947/
MLA
"H.R. 947: Bring Entrepreneurial Advancements To Consumers Here In North America Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-947/.
Bluebook (legal)
H.R. 947, 118th Cong. (2026), https://openamerica.io/bill/118-HR-947/.
Markdown link
[H.R. 947: Bring Entrepreneurial Advancements To Consumers Here In North America Act](https://openamerica.io/bill/118-HR-947/)
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