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S. 2569

BillFederalSenatePassed Senate
Bring Jobs Home Act
About This Bill
Passed
Latest Action · July 30, 2014
Cloture on the measure not invoked in Senate by Yea-Nay Vote. 54 - 42. Record Vote Number: 249. (consideration: CR S5082-5083; text: CR S5082)
Congress
113th (2013–2015)
Introduced
July 8, 2014
Sponsor
Sen. John WalshD
Cosponsors (24)
24D 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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