S. 3364 · 112th Congress
Bring Jobs Home Act
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15 cosponsors · 15 D
7 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 Senate · Jul 9, 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.
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): Cloture on the motion to proceed to the measure not invoked in Senate by Yea-Nay Vote. 56 - 42. Record Vote Number: 181. (consideration: CR S5189; text: CR S5189)
Policy area: Taxation · Origin: Senate · Introduced: Jul 9, 2012
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML) · Embed in your story
Latest vote · Senate · Jul 19, 2012
Ending debate on taking up the measure (cloture) — Cloture on the Motion to Proceed Rejected. Vote details
Senate Majority Leader: Harry Reid