Bill116th CongressFiled May 15, 2020Taxation
H.R. 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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Under committee review
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What it doesSummary introduced in house (May 15, 2020)
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 happenedMay 15, 2020
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Green, Mark E. [R-TN-7](R-TN)Sponsor
1committees3actions8subjects
- Introduced in HouseMay 15, 2020
- May 15, 2020IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - May 15, 2020IntroReferralIntro-H
Introduced in House
- May 15, 2020IntroReferral1000
Introduced in House