S.337 - Bring Jobs Home Act

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Outcome

2/14/2013--Introduced. 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.

Read Twice And Referred To The Committee On Finance.
February 14th 2013 @ 12:00 AM

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