,i  #aafth ,,congress  #b;d ,session    
,h4 ,r4 #geid  ,,in ,,the ,,house ,,of  
,,representatives  ,july #ac1 #bjbj,mr4 
,posey introduced the following bill2   
which was referred to the ,committee on 
,ways and ,means  ,a ,,bill  ,to amend  
the ,internal ,revenue ,code of #aihf to
 provide a tax credit for certain       
expenses of moving manufacturing        
equipment from ,china to the ,united    
,states1 and for other purposes4  #a4   
,short title ,this ,act may be cited as 
the ,reshoring ,american ,manufacturing 
,act of #bjbj or as the ,,ram ,act of   
#bjbj4  #b4 ,credit for certain expenses
 of moving manufacturing equipment from 
,china to the ,united ,states  7a7 ,in  
general ,subpart ,d of part ,,iv of     
subchapter ,a of chapter #a of the      
,internal ,revenue ,code of #aihf is    
amended by adding at the end the        
following new section3  #de,u4          
,manufacturing reshoring credit  7a7 ,in
 general ,for purposes of section #ch1  
the manufacturing reshoring credit for  

any taxable year is the applicable      
percentage of the eligible reshoring    
expenses paid or incurred by the        
taxpayer during such taxable year4  7b7 
,limitation ,the credit determined under
 subsection 7a7 with respect to any     
taxpayer for any taxable year shall not 
exceed #be1jjj1jjj4  7c7 ,applicable    
percentage ,for purposes of this        
section1 the term applicable percentage 
means-- 7#a7 in the case of any taxable 
year beginning in #bjbj or #bjba1 #ajj  
percent1  7#b7 in the case of any       
taxable year beginning in #bjbb1 #hj    
percent1 and  7#c7 in the case of any   
taxable year beginning in #bjbc1 #fj    
percent4  7d7 ,eligible reshoring       
expenses ,for purposes of this section--
 7#a7 ,in general ,the term eligible    
reshoring expenses means1 with respect  
to any taxpayer1 amounts paid or        
incurred by such taxpayer for the       
transportation 7including any import    
duties1 fees1 or tariffs imposed with   
respect to such transportation7 of      

qualified manufacturing equipment from  
,china to the ,united ,states4  7#b7    
,qualified manufacturing equipment ,the 
term qualified manufacturing equipment  
means1 with respect to any taxpayer1    
manufacturing equipment owned by such   
taxpayer which-- 7,a7 before the        
transportation referred to in paragraph 
7#a7 was used by such taxpayer to       
manufacture tangible property in ,china1
 and  7,b7 after the transportation     
referred to in paragraph 7#a7 is used by
 such taxpayer to manufacture tangible  
property in the ,united ,states4  7e7   
,recapture ,if any qualified            
manufacturing equipment with respect to 
which a credit was allowed under this   
section is transported outside the      
,united ,states 7after transportation to
 the ,united ,states as described in    
subsection 7d77 during the #c-year      
period beginning on the date 7after such
 transportation7 on which such property 
is placed in service by the taxpayer in 
the ,united ,states1 the tax imposed    

under this chapter on such taxpayer for 
the taxable year which includes the date
 on which such property is so           
transported outside the ,united ,states 
shall be increased by the amount of the 
credit determined under this section    
with respect to such property4  7f7     
,special rules  7#a7 ,denial of double  
benefit ,any deduction or credit allowed
 under this title 7other than this      
section7 with respect to any eligible   
reshoring expenses shall be reduced by  
the amount of the credit determined     
under this section4  7#b7 ,aggregation  
rule ,for purposes of the dollar        
limitation imposed under subsection 7b71
 all members of the same controlled     
group of corporations 7within the       
meaning of section #bfg7;f77 and all    
persons under common control 7within the
 meaning of section #eb7;b7 but         
determined by treating an interest of   
more than #ej percent as a controlling  
interest7 shall be treated as #a person 
and such dollar limitation shall be     

allocated in such manner as the         
,secretary may provide4  7#c7 ,election 
to not have section apply ,no credit    
shall be determined under subsection 7a7
 with respect to any taxpayer for any   
taxable year if such taxpayer make an   
election under this paragraph 7at such  
time and in such manner as the          
,secretary may provide7 to have such    
subsection not apply for such taxable   
year4  7g7 ,termination ,no credit shall
 be determined under this section for   
any taxable year beginning after        
,december #ca1 #bjbc4  4  7a7 ,credit   
allowed as part of general business     
credit ,section #ch7;b7 of such ,code is
 amended by striking plus at the end of 
paragraph 7#cb71 by striking the period 
at the end of paragraph 7#cc7 and       
inserting 1 plus1 and by adding at the  
end the following new paragraph3  7#cd7 
the manufacturing reshoring credit      
determined under section #de,u7a74  4   
7b7 ,clerical amendment ,the table of   
sections for subpart ,d of part ,,iv of 

subchapter ,a of chapter #a of such     
,code is amended by adding at the end   
the following new item3  ,sec4 #de,u4   
,manufacturing reshoring credit4  4  7c7
 ,effective date ,the amendments made by
 this section shall apply to amounts    
paid or incurred after the date of the  
enactment of this ,act1 in taxable years
 ending after such date4