H.R. 6152 · 112th Congress
Bring Jobs Home Act
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Never voted on. It didn't reach a floor vote before the 112th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
PascrellSponsor15 cosponsors · 15 D
D
Becerra
EB
D
Blumenauer
SB
D
Berkley
JC
D
Crowley
LD
D
Doggett
RK
D
Kind
SL
D
Levin
JL
D
Lewis
JL
D
Larson
JM
D
McDermott
RN
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Neal
CR
D
Rangel
PS
D
Stark
MT
D
Thompson
JD
D
Dingell14 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
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.
What it does: CRS summary · Introduced in House · Jul 19, 2012
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.
Allows nonrecognition of gain in a corporate reorganization for corporations that exchange property solely for stock other than nonqualified preferred stock.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Bring Jobs Home Act
Latest action (Jul 19, 2012): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Jul 19, 2012
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.