S. 247 · 115th Congress
Bring Jobs Home Act
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Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
StabenowSponsor17 cosponsors · 17 D
D
Brown
TB
D
Baldwin
RB
D
Blumenthal
RD
D
Durbin
KG
D
Gillibrand
AK
D
Klobuchar
BM
D
Menendez
CM
D
McCaskill
GP
D
Peters
JR
D
Reed
JS
D
Shaheen
SW
D
Whitehouse
BC
D
Casey
AF
D
Franken
DF
D
Feinstein
JD
D
Donnelly
EW
D
Warren12 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill 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.
What it does: CRS summary · Introduced in Senate · Jan 30, 2017
Bring Jobs Home Act
This bill 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. The bill 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 (Jan 30, 2017): Read twice and referred to the Committee on Finance.
Policy area: Taxation · Origin: Senate · Introduced: Jan 30, 2017
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.