Clerk session vote number: 181
Description: A bill to provide an incentive for businesses to bring jobs back to America.
Bill 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
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for insourcing expenses.
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Bill titles: A bill to provide an incentive for businesses to bring jobs back to America.
Links for more info on the vote: congress.gov