S 2569 · 113th Congress · Taxation

Bring Jobs Home Act

Introduced 2014-07-08· Sponsored by Sen. Walsh, John E. [D-MT]· Senate

Bill Progress

Introduced
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Cloture on the measure not invoked in Senate by Yea-Nay Vote. 54 - 42. Record Vote Number: 249. (consideration: CR S5082-5083; text: CR S5082)(2014-07-30)

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