Bring Entrepreneurial Advancements To Consumers Here In North America Act

This proposal changes federal tax rules to encourage companies to bring manufacturing back to the United States. If a qualifying manufacturer sells or trades property it used in a foreign country—like equipment or facilities—as part of moving that production to the U.S., the profit from that sale would not be taxed as income. The bill also says it uses existing IRS definitions for what counts as a qualifying move, aligning terms with current tax rules for relocations. Its stated purpose includes offering incentives for relocating manufacturing and making full expensing permanent, though the provided section focuses on the tax break for selling foreign-used property during a move.

Key points:

• Who is affected: Manufacturers moving production from another country back to the U.S.
• What changes: Profit from selling property used overseas, when tied to that move, would not count as taxable income
• How terms are set: Uses existing IRS definitions tied to relocation rules in the tax code