S.2562 - Bring Jobs Home Act113th Congress (2013-2014)
|Sponsor:||Sen. Stabenow, Debbie [D-MI] (Introduced 06/26/2014)|
|Latest Action:||07/07/2014 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 451. (All Actions)|
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Summary: S.2562 — 113th Congress (2013-2014)All Bill Information (Except Text)
Introduced in Senate (06/26/2014)
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.