S 2562 · 113th Congress · Taxation

Bring Jobs Home Act

Introduced 2014-06-26· Sponsored by Sen. Stabenow, Debbie [D-MI]· Senate

Bill Progress

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Introduced
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Committee
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Senate Vote
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House
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Enacted
Latest: Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 451.(2014-07-07)

Plain Language Summary

[AI summary unavailable — showing source text] Bring Jobs Home Act - Amends the Internal Revenue Code to: (1) grant business taxpayers a tax credit for up to 20% of insourcing expenses incurred for eliminating a business located outside the United States and  relocating it within the United States, and (2) deny a tax deduction for outsourcing expenses incurred in relocating a U.S. business outside the United States. Requires an increase in the taxpayer's employment of full-time employees in the United States in order to claim the tax credit for insourcing expenses.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (20)

20 Democrats