Bill117th CongressFiled Feb 18, 2021Taxation
H.R. 1128
To allow expensing of amounts paid to move business property from China to the United States, and for other purposes.
Bill journey · stage 2 of 5
Under committee review
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CommitteeComm.
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Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Feb 18, 2021)
This bill directs the Department of the Treasury to establish a program to treat amounts paid by U.S citizens or business entities to move their inventory, equipment, and supplies from China to the United States as items of expense, deductible in the year in which they are incurred. The cost of this expensing allowance shall be paid for with tariffs collected by the United States on goods manufactured in China.
What just happenedFeb 18, 2021
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Green, Mark E. [R-TN-7](R-TN)Sponsor
1 cosponsor1 R
1cosponsors1committees4actions8subjects
- Introduced in HouseFeb 18, 2021
- Feb 18, 2021IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Feb 18, 2021Committee
Referred to the Subcommittee on Trade.
Trade Subcommittee - Feb 18, 2021IntroReferralIntro-H
Introduced in House
- Feb 18, 2021IntroReferral1000
Introduced in House