S 3945 · 116th Congress · Taxation

Bring Entrepreneurial Advancements To Consumers Here In North America Act

Introduced 2020-06-11· Sponsored by Sen. Loeffler, Kelly [R-GA]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(2020-06-11)

Plain Language Summary

[AI summary unavailable — showing source text] Bring Entrepreneurial Advancements To Consumers Here In North America Act This bill allows accelerated depreciation of nonresidential real property acquired to relocate facilities for the manufacture of pharmaceuticals and medical devices or supplies in the United States. It also allows an exclusion from gross income of gain from the sale or exchange of relocation property that was used to manufacture medical products in a foreign country.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (2)

2 Republicans