HR 6903
To allow expensing of amounts paid to move business property from China to the United States, and for other purposes.
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill aims to help businesses move their property from China to the United States by allowing them to deduct the related moving expenses on their taxes. The bill creates a program where the U.S. Treasury will manage the deductions, and the costs will be covered by using tariffs collected on goods imported from China. This is intended to incentivize businesses to bring their operations and goods to the U.S., potentially reducing reliance on Chinese supply chains.
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Primary sponsor
Mark E. Green
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