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H.R. 851

BillFederalHouseIn Committee
Bring Jobs Home Act
About This Bill
Committee
Latest Action · February 27, 2013
Referred to the House Committee on Ways and Means.
Congress
113th (2013–2015)
Introduced
February 27, 2013
Cosponsors (56)
56D 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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