S 247
115th Congress
Senate
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: January 30, 2017
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 30, 2017
Read twice and referred to the Committee on Finance.
Jan 30, 2017
Introduced in Senate
Plain-English summary
Bring Jobs Home Act
This bill 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. The bill 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
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1