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H.R. 3938, Build It in America Act (CBO Report for Congress)

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Congress 118th
Date Requested June 30, 2023
Requested By the House Committee on Ways and Means
Date Sent July 27, 2023
Description:
H.R. 3938 would amend portions of the Internal Revenue Code of 1986 related to business tax deductions, allowing some businesses to deduct certain expenses more quickly than under current law. The bill also would terminate the Superfund excise tax on oil and petroleum products. Other provisions would repeal or modify tax credits related to clean electricity or vehicles.

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