A bill to provide an incentive for businesses to bring jobs back to America. Introduced in Senate 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.
Read twice and referred to the Committee on Finance.Jan 30th, 2017
Introduced in SenateJan 30th, 2017