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S. 3364

BillFederalSenateFloor Consideration
Bring Jobs Home Act
About This Bill
Introduced
Latest Action · July 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)
Congress
112th (2011–2013)
Introduced
July 9, 2012
Sponsor
Sen. Debbie StabenowD
Cosponsors (15)
15D 0R
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Summary

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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.

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