S 2569 · 113th Congress · Taxation
Bring Jobs Home Act
Bill Progress
✓
Introduced✓
Committee3
Senate Vote4
House5
EnactedLatest: 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
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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