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

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Plain-English summary Congressional Research Service

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 January 30, 2017

Read twice and referred to the Committee on Finance.

Related & companion bills 3