H.R. 2652
119th CONGRESS 1st Session
To amend the Internal Revenue Code of 1986 to provide incentives for relocating manufacturing to the United States, permanent full expensing for qualified property, and for other purposes.
IN THE HOUSE OF REPRESENTATIVES · April 3, 2025 · Sponsor: Mr. Roy · Committee: Committee on Ways and Means
Table of contents
Sec. 139J. Exclusion of gain on disposition of property in connection with qualified relocation of manufacturing.
- (a) In general
- In the case of a qualified manufacturer, gross income shall not include gain from the sale or exchange of qualified relocation disposition property.
- (b) Qualified relocation disposition property
- For purposes of this section, the term means any property which—
qualified relocation disposition property- is sold or exchanged by a qualified manufacturer in connection with a qualified relocation of manufacturing, and
- was used by such qualified manufacturer in the trade or business of manufacturing any tangible personal property in the foreign country from which such manufacturing is being relocated.
- For purposes of this section, the term means any property which—
- (c) Other terms
- Terms used in this section which are also used in subsection (n) of section 168 shall have the same meaning when used in this section as when used in such subsection.