S. 2562 · 113th Congress
Bring Jobs Home Act
- Stage
- Introduced
- Sponsor
- Debbie Stabenow
- Introduced
- 2014-06-26
- Latest action
- 2014-07-07 · Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 451.
Summary
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.