US HB6690 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Republican 15-0)
Status: Introduced on May 1 2020 - 25% progression, died in committee
Action: 2020-05-01 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 1 2020 - 25% progression, died in committee
Action: 2020-05-01 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
Bring Entrepreneurial Advancements To Consumers Here In North America Act
Sponsors
| Rep. Chip Roy [R-TX] | Rep. Ron Wright [R-TX] | Rep. Paul Gosar [R-AZ] | Rep. Bob Gibbs [R-OH] |
| Rep. Lance Gooden [R-TX] | Rep. Jim Banks [R-IN] | Rep. Dan Bishop [R-NC] | Rep. Jenniffer Gonzalez-Colon [R-PR] |
| Rep. Ross Spano [R-FL] | Rep. Mark Green [R-TN] | Rep. Debbie Lesko [R-AZ] | Rep. Michael Cloud [R-TX] |
| Rep. Scott Tipton [R-CO] | Rep. Jeff Van Drew [R-NJ] | Rep. James Baird [R-IN] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-05-01 | House | Referred to the House Committee on Ways and Means. |
| 2020-05-01 | House | Introduced in House |
Same As/Similar To
SB3945 (Related) 2020-06-11 - Read twice and referred to the Committee on Finance.
Subjects
Accounting and auditing
Business expenses
Health technology, devices, supplies
Income tax deductions
Income tax exclusion
Industrial facilities
Manufacturing
Prescription drugs
Taxation
Business expenses
Health technology, devices, supplies
Income tax deductions
Income tax exclusion
Industrial facilities
Manufacturing
Prescription drugs
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/6690/all-info |
| Text | https://www.congress.gov/116/bills/hr6690/BILLS-116hr6690ih.pdf |
