To allow expensing of amounts paid to move business property from China to the United States, and for other purposes.
Bring American Companies Home Act
This bill allows United States persons (i.e., U.S. citizens or residents, partnerships, corporations, estates and trusts) to expense the cost of moving inventory, equipment, and supplies from China to the United States. Expensing is the tax rule that allows a taxpayer to deduct costs in the year in which they are incurred.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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