To amend the Internal Revenue Code of 1986 to provide a tax credit for certain expenses of moving manufacturing equipment from China to the United States, and for other purposes.
Summary
What This Bill Does
The bill creates credit for certain expenses of moving manufacturing equipment from China to the United States Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at and creates 45BB. Manufacturing reshoring credit. It relies on definition changes, tax credits, compliance mandates, and exemptions. The main policy areas are Transportation and Foreign Policy.
Who Benefits and How
Transportation operators and users affected by the bill could face lower compliance burdens, Lobbyists, political organizations, and disclosure users affected by the bill could face lower compliance burdens, and Foreign businesses and cross-border trade participants affected by the bill could face lower compliance burdens.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties.
Key Provisions
- Creates credit for certain expenses of moving manufacturing equipment from China to the United States Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at...
- Creates 45BB. Manufacturing reshoring credit.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill creates credit for certain expenses of moving manufacturing equipment from China to the United States Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at and creates 45BB. Manufacturing reshoring credit.
Key Policy Areas
Transportation, Foreign Policy
Primary Purpose
The bill creates credit for certain expenses of moving manufacturing equipment from China to the United States Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at and creates 45BB. Manufacturing reshoring credit.
Policy Domains
Whole bill
Identified Gains
- Transportation operators and users affected by the bill
- Lobbyists, political organizations, and disclosure users affected by the bill
- Foreign businesses and cross-border trade participants affected by the bill
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
Sponsors
Legislative Progress
IntroducedMr. Posey introduced the following bill; which was referred to …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
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