119-hr2652

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2652 Introduced in House

    (IH) ]

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119th CONGRESS
 1st Session
 H. R. 2652

 To amend the Internal Revenue Code of 1986 to provide incentives for 
relocating manufacturing to the United States, permanent full expensing 
 for qualified property, and for other purposes.

_______________________________________________________________________

 IN THE HOUSE OF REPRESENTATIVES

 April 3, 2025

Mr. Roy (for himself and Mr. Moore of Alabama) introduced the following 
 bill; which was referred to the Committee on Ways and Means

_______________________________________________________________________

 A BILL

 To amend the Internal Revenue Code of 1986 to provide incentives for 
relocating manufacturing to the United States, permanent full expensing 
 for qualified property, and for other purposes.

 Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

 This Act may be cited as the ``Bring Entrepreneurial Advancements 
To Consumers Here In North America Act''.

SEC. 2. TAX INCENTIVES FOR RELOCATING MANUFACTURING TO THE UNITED 
 STATES.

    (a) Accelerated Depreciation for Nonresidential Real Property.--

Section 168 of the Internal Revenue Code of 1986 is amended by adding 
at the end the following new subsection:
 ``

    (n) Accelerated Depreciation for Nonresidential Real Property 
Acquired in Connection With the Relocation of Manufacturing to the 
United States.--
 ``

    (1) Treatment as 20-year property.--For purposes of this 
 section, qualified nonresidential real property shall be 
 treated as 20-year property.
 ``

    (2) Application of bonus depreciation.--For application 
 of bonus depreciation to qualified nonresidential real 
 property, see subsection

    (k) .
 ``

    (3) Qualified nonresidential real property.--For purposes 
 of this subsection, the term `qualified nonresidential real 
 property' means nonresidential real property placed in service 
 in the United States by a qualified manufacturer if such 
 property is acquired by such qualified manufacturer in 
 connection with a qualified relocation of manufacturing.
 ``

    (4) Qualified manufacturer.--For purposes of this 
 subsection, the term `qualified manufacturer' means any person 
 engaged in the trade or business of manufacturing any tangible 
 personal property.
 ``

    (5) Qualified relocation of manufacturing.--For purposes 
 of this subsection--
 ``
        (A) In general.--The term `qualified relocation 
 of manufacturing' means, with respect to any qualified 
 manufacturer, the relocation of the manufacturing of 
 any tangible personal property from a foreign country 
 to the United States.
 ``
        (B) Relocation of property not required.--For 
 purposes of subparagraph
        (A) , manufacturing shall not 
 fail to be treated as relocated merely because property 
 used in such manufacturing was not relocated.
 ``
            (C) Relocation of not less than equivalent 
 productive capacity required.--For purposes of 
 subparagraph
        (A) , manufacturing shall not be treated as 
 relocated unless the property manufactured in the 
 United States is substantially identical to the 
 property previously manufactured in a foreign country 
 and the increase in the units of production of such 
 property in the United States by the qualified 
 manufacturer is not less than the reduction in the 
 units of production of such property in such foreign 
 country by such qualified manufacturer.
 ``

    (6) Application to possessions of the united states.--For 
 purposes of this subsection, the term `United States' includes 
 any possession of the United States.''.

    (b) Exclusion of Gain on Disposition of Property in Connection With 
Qualified Relocation of Manufacturing.--

    (1) In general.--Part III of subchapter B of chapter 1 of 
 such Code is amended by inserting after 

section 139I the 
 following new section:

``

SEC. 139J. EXCLUSION OF GAIN ON DISPOSITION OF PROPERTY IN CONNECTION 
 WITH QUALIFIED RELOCATION OF MANUFACTURING.

 ``

    (a) In General.--In the case of a qualified manufacturer, gross 
income shall not include gain from the sale or exchange of qualified 
relocation disposition property.
 ``

    (b) Qualified Relocation Disposition Property.--For purposes of 
this section, the term `qualified relocation disposition property' 
means any property which--
 ``

    (1) is sold or exchanged by a qualified manufacturer in 
 connection with a qualified relocation of manufacturing, and
 ``

    (2) was used by such qualified manufacturer in the trade 
 or business of manufacturing any tangible personal property in 
 the foreign country from which such manufacturing is being 
 relocated.
 ``
            (c) Other Terms.--Terms used in this section which are also used 
in subsection

    (n) of 

section 168 shall have the same meaning when used 
in this section as when used in such subsection.''.

    (2) Clerical amendment.--The table of sections for part III 
 of subchapter B of chapter 1 of such Code is amended by 
 inserting after the item relating to 

section 139I the following 
 new item:

``

Sec. 139J. Exclusion of gain on disposition of property in connection 
 with qualified relocation of 
 manufacturing.''.
            (c) Effective Dates.--

    (1) Accelerated depreciation.--The amendment made by 
 subsection

    (a) shall apply to property placed in service after 
 the date of the enactment of this Act.

    (2) Exclusion of gain.--The amendments made by subsection

    (b) shall apply to sales and exchanges after the date of the 
 enactment of this Act.

SEC. 3. PERMANENT FULL EXPENSING FOR QUALIFIED PROPERTY.

    (a) In General.--Paragraph

    (6) of 

section 168

    (k) of the Internal 
Revenue Code of 1986 is amended to read as follows:
 ``

    (6) Applicable percentage.--For purposes of this 
 subsection, the term `applicable percentage' means, in the case 
 of property placed in service (or, in the case of a specified 
 plant described in paragraph

    (5) , a plant which is planted or 
 grafted) after September 27, 2017, 100 percent.''.

    (b) Conforming Amendments.--

    (1) Section 168

    (k) of the Internal Revenue Code of 1986 is 
 amended--
        (A) in paragraph

    (2) --
            (i) in subparagraph
        (A) --
            (I) in clause
            (i) 
            (V) , by inserting 
 ``and'' at the end;
            (II) in clause
            (ii) , by striking 
 ``clause
            (ii) of subparagraph
        (E) , 
 and'' and inserting ``clause
            (i) of 
 subparagraph
        (E) .''; and
            (III) by striking clause
            (iii) ;
            (ii) in subparagraph
        (B) --
            (I) in clause
            (i) --

    (aa) by striking subclauses
            (II) and
            (III) ; and

    (bb) by redesignating 
 subclauses
            (IV) through
            (VI) as 
 subclauses
            (II) through
            (IV) , 
 respectively;
            (II) by striking clause
            (ii) ; and
            (III) by redesignating clauses
            (iii) and
            (iv) as clauses
            (ii) and
            (iii) , respectively;
            (iii) in subparagraph
            (C) --
            (I) in clause
            (i) , by striking 
 ``and subclauses
            (II) and
            (III) of 
 subparagraph
        (B)
            (i) ''; and
            (II) in clause
            (ii) , by striking 
 ``subparagraph
        (B)
            (iii) '' and inserting 
 ``subparagraph
        (B)
            (ii) ''; and
            (iv) in subparagraph
        (E) --
            (I) by striking clause
            (i) ; and
            (II) by redesignating clauses
            (ii) and
            (iii) as clauses
            (i) and
            (ii) , 
 respectively; and
        (B) in paragraph

    (5)
        (A) , by striking ``planted 
 before January 1, 2027, or is grafted before such date 
 to a plant that has already been planted,'' and 
 inserting ``planted or grafted''.

    (2) Section 460
            (c) (6)
        (B) of such Code is amended by 
 striking ``which'' and all that follows through the period and 
 inserting ``which has a recovery period of 7 years or less.''.
            (c) Effective Date.--The amendments made by this section shall take 
effect as if included in 

section 13201 of Public Law 115-97.
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