S. 1737 · 114th Congress
Bring Jobs Home Act
- Stage
- In committee
- Sponsor
- Debbie Stabenow
- Introduced
- 2015-07-09
- Latest action
- 2015-07-09 · Introduced in Senate
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.