HR 851 113th Congress House Taxation Business investment and capital Employee hiring Foreign and international corporations Income tax credits Income tax deductions Taxation of foreign income U.S. territories and protectorates

Bring Jobs Home Act

Introduced: February 27, 2013 See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Feb 27, 2013

Referred to the House Committee on Ways and Means.

Feb 27, 2013

Introduced in House

Plain-English summary Congressional Research Service

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.

What's happening now February 27, 2013

Referred to the House Committee on Ways and Means.

Committees of jurisdiction 1