Bill > S2884

Introduced Session

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.

Committee Categories

Richard Blumenthal (D),  Sherrod Brown (D),  Chris Coons (D),  Dick Durbin (D),  Jeff Merkley (D),  Chuck Schumer (D),  Debbie Stabenow (D),  Sheldon Whitehouse (D), 

Read twice and referred to the Committee on Finance. (on 05/08/2012)

Official Document