Us Congress 2025-2026 Regular Session

Us Congress House Bill HB2652 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	I
2	2	119THCONGRESS
3	3	1
4	4	STSESSION H. R. 2652
5	5	To amend the Internal Revenue Code of 1986 to provide incentives for
6	6	relocating manufacturing to the United States, permanent full expensing
7	7	for qualified property, and for other purposes.
8	8	IN THE HOUSE OF REPRESENTATIVES
9	9	APRIL3, 2025
10	10	Mr. R
11	11	OY(for himself and Mr. MOOREof Alabama) introduced the following
12	12	bill; which was referred to the Committee on Ways and Means
13	13	A BILL
14	14	To amend the Internal Revenue Code of 1986 to provide
15	15	incentives for relocating manufacturing to the United
16	16	States, permanent full expensing for qualified property,
17	17	and for other purposes.
18	18	Be it enacted by the Senate and House of Representa-1
19	19	tives of the United States of America in Congress assembled, 2
20	20	SECTION 1. SHORT TITLE. 3
21	21	This Act may be cited as the ‘‘Bring Entrepreneurial 4
22	22	Advancements To Consumers Here In North America 5
23	23	Act’’. 6
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26	26	•HR 2652 IH
27	27	SEC. 2. TAX INCENTIVES FOR RELOCATING MANUFAC-1
28	28	TURING TO THE UNITED STATES. 2
29	29	(a) A
30	30	CCELERATED DEPRECIATION FOR NONRESI-3
31	31	DENTIALREALPROPERTY.—Section 168 of the Internal 4
32	32	Revenue Code of 1986 is amended by adding at the end 5
33	33	the following new subsection: 6
34	34	‘‘(n) A
35	35	CCELERATEDDEPRECIATION FOR NONRESI-7
36	36	DENTIALREALPROPERTYACQUIRED INCONNECTION 8
37	37	W
38	38	ITH THERELOCATION OF MANUFACTURING TO THE 9
39	39	U
40	40	NITEDSTATES.— 10
41	41	‘‘(1) T
42	42	REATMENT AS 20-YEAR PROPERTY.—For 11
43	43	purposes of this section, qualified nonresidential real 12
44	44	property shall be treated as 20-year property. 13
45	45	‘‘(2) A
46	46	PPLICATION OF BONUS DEPRECIATION .— 14
47	47	For application of bonus depreciation to qualified 15
48	48	nonresidential real property, see subsection (k). 16
49	49	‘‘(3) Q
50	50	UALIFIED NONRESIDENTIAL REAL PROP -17
51	51	ERTY.—For purposes of this subsection, the term 18
52	52	‘qualified nonresidential real property’ means non-19
53	53	residential real property placed in service in the 20
54	54	United States by a qualified manufacturer if such 21
55	55	property is acquired by such qualified manufacturer 22
56	56	in connection with a qualified relocation of manufac-23
57	57	turing. 24
58	58	‘‘(4) Q
59	59	UALIFIED MANUFACTURER .—For pur-25
60	60	poses of this subsection, the term ‘qualified manu-26
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63	63	•HR 2652 IH
64	64	facturer’ means any person engaged in the trade or 1
65	65	business of manufacturing any tangible personal 2
66	66	property. 3
67	67	‘‘(5) Q
68	68	UALIFIED RELOCATION OF MANUFAC -4
69	69	TURING.—For purposes of this subsection— 5
70	70	‘‘(A) I
71	71	N GENERAL.—The term ‘qualified 6
72	72	relocation of manufacturing’ means, with re-7
73	73	spect to any qualified manufacturer, the reloca-8
74	74	tion of the manufacturing of any tangible per-9
75	75	sonal property from a foreign country to the 10
76	76	United States. 11
77	77	‘‘(B) R
78	78	ELOCATION OF PROPERTY NOT RE -12
79	79	QUIRED.—For purposes of subparagraph (A), 13
80	80	manufacturing shall not fail to be treated as re-14
81	81	located merely because property used in such 15
82	82	manufacturing was not relocated. 16
83	83	‘‘(C) R
84	84	ELOCATION OF NOT LESS THAN 17
85	85	EQUIVALENT PRODUCTIVE CAPACITY RE -18
86	86	QUIRED.—For purposes of subparagraph (A), 19
87	87	manufacturing shall not be treated as relocated 20
88	88	unless the property manufactured in the United 21
89	89	States is substantially identical to the property 22
90	90	previously manufactured in a foreign country 23
91	91	and the increase in the units of production of 24
92	92	such property in the United States by the quali-25
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95	95	•HR 2652 IH
96	96	fied manufacturer is not less than the reduction 1
97	97	in the units of production of such property in 2
98	98	such foreign country by such qualified manufac-3
99	99	turer. 4
100	100	‘‘(6) A
101	101	PPLICATION TO POSSESSIONS OF THE 5
102	102	UNITED STATES.—For purposes of this subsection, 6
103	103	the term ‘United States’ includes any possession of 7
104	104	the United States.’’. 8
105	105	(b) E
106	106	XCLUSION OFGAIN ONDISPOSITION OFPROP-9
107	107	ERTY INCONNECTIONWITHQUALIFIEDRELOCATION OF 10
108	108	M
109	109	ANUFACTURING.— 11
110	110	(1) I
111	111	N GENERAL.—Part III of subchapter B of 12
112	112	chapter 1 of such Code is amended by inserting 13
113	113	after section 139I the following new section: 14
114	114	‘‘SEC. 139J. EXCLUSION OF GAIN ON DISPOSITION OF PROP-15
115	115	ERTY IN CONNECTION WITH QUALIFIED RE-16
116	116	LOCATION OF MANUFACTURING. 17
117	117	‘‘(a) I
118	118	NGENERAL.—In the case of a qualified manu-18
119	119	facturer, gross income shall not include gain from the sale 19
120	120	or exchange of qualified relocation disposition property. 20
121	121	‘‘(b) Q
122	122	UALIFIEDRELOCATIONDISPOSITIONPROP-21
123	123	ERTY.—For purposes of this section, the term ‘qualified 22
124	124	relocation disposition property’ means any property 23
125	125	which— 24
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128	128	•HR 2652 IH
129	129	‘‘(1) is sold or exchanged by a qualified manu-1
130	130	facturer in connection with a qualified relocation of 2
131	131	manufacturing, and 3
132	132	‘‘(2) was used by such qualified manufacturer 4
133	133	in the trade or business of manufacturing any tan-5
134	134	gible personal property in the foreign country from 6
135	135	which such manufacturing is being relocated. 7
136	136	‘‘(c) O
137	137	THERTERMS.—Terms used in this section 8
138	138	which are also used in subsection (n) of section 168 shall 9
139	139	have the same meaning when used in this section as when 10
140	140	used in such subsection.’’. 11
141	141	(2) C
142	142	LERICAL AMENDMENT .—The table of sec-12
143	143	tions for part III of subchapter B of chapter 1 of 13
144	144	such Code is amended by inserting after the item re-14
145	145	lating to section 139I the following new item: 15
146	146	‘‘Sec. 139J. Exclusion of gain on disposition of property in connection with
147	147	qualified relocation of manufacturing.’’.
148	148	(c) EFFECTIVEDATES.— 16
149	149	(1) A
150	150	CCELERATED DEPRECIATION .—The 17
151	151	amendment made by subsection (a) shall apply to 18
152	152	property placed in service after the date of the en-19
153	153	actment of this Act. 20
154	154	(2) E
155	155	XCLUSION OF GAIN .—The amendments 21
156	156	made by subsection (b) shall apply to sales and ex-22
157	157	changes after the date of the enactment of this Act. 23
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160	160	•HR 2652 IH
161	161	SEC. 3. PERMANENT FULL EXPENSING FOR QUALIFIED 1
162	162	PROPERTY. 2
163	163	(a) I
164	164	NGENERAL.—Paragraph (6) of section 168(k) 3
165	165	of the Internal Revenue Code of 1986 is amended to read 4
166	166	as follows: 5
167	167	‘‘(6) A
168	168	PPLICABLE PERCENTAGE .—For purposes 6
169	169	of this subsection, the term ‘applicable percentage’ 7
170	170	means, in the case of property placed in service (or, 8
171	171	in the case of a specified plant described in para-9
172	172	graph (5), a plant which is planted or grafted) after 10
173	173	September 27, 2017, 100 percent.’’. 11
174	174	(b) C
175	175	ONFORMINGAMENDMENTS.— 12
176	176	(1) Section 168(k) of the Internal Revenue 13
177	177	Code of 1986 is amended— 14
178	178	(A) in paragraph (2)— 15
179	179	(i) in subparagraph (A)— 16
180	180	(I) in clause (i)(V), by inserting 17
181	181	‘‘and’’ at the end; 18
182	182	(II) in clause (ii), by striking 19
183	183	‘‘clause (ii) of subparagraph (E), 20
184	184	and’’ and inserting ‘‘clause (i) of sub-21
185	185	paragraph (E).’’; and 22
186	186	(III) by striking clause (iii); 23
187	187	(ii) in subparagraph (B)— 24
188	188	(I) in clause (i)— 25
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191	191	•HR 2652 IH
192	192	(aa) by striking subclauses 1
193	193	(II) and (III); and 2
194	194	(bb) by redesignating sub-3
195	195	clauses (IV) through (VI) as sub-4
196	196	clauses (II) through (IV), respec-5
197	197	tively; 6
198	198	(II) by striking clause (ii); and 7
199	199	(III) by redesignating clauses 8
200	200	(iii) and (iv) as clauses (ii) and (iii), 9
201	201	respectively; 10
202	202	(iii) in subparagraph (C)— 11
203	203	(I) in clause (i), by striking ‘‘and 12
204	204	subclauses (II) and (III) of subpara-13
205	205	graph (B)(i)’’; and 14
206	206	(II) in clause (ii), by striking 15
207	207	‘‘subparagraph (B)(iii)’’ and inserting 16
208	208	‘‘subparagraph (B)(ii)’’; and 17
209	209	(iv) in subparagraph (E)— 18
210	210	(I) by striking clause (i); and 19
211	211	(II) by redesignating clauses (ii) 20
212	212	and (iii) as clauses (i) and (ii), respec-21
213	213	tively; and 22
214	214	(B) in paragraph (5)(A), by striking 23
215	215	‘‘planted before January 1, 2027, or is grafted 24
216	216	before such date to a plant that has already 25
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219	219	•HR 2652 IH
220	220	been planted,’’ and inserting ‘‘planted or graft-1
221	221	ed’’. 2
222	222	(2) Section 460(c)(6)(B) of such Code is 3
223	223	amended by striking ‘‘which’’ and all that follows 4
224	224	through the period and inserting ‘‘which has a recov-5
225	225	ery period of 7 years or less.’’. 6
226	226	(c) E
227	227	FFECTIVEDATE.—The amendments made by 7
228	228	this section shall take effect as if included in section 8
229	229	13201 of Public Law 115–97. 9
230	230	Æ
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