US Congress House Bill 6152 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 16-0)
Status: Introduced on July 19 2012 - 25% progression, died in committee
Action: 2012-07-19 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

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. Allows nonrecognition of gain in a corporate reorganization for corporations that exchange property solely for stock other than nonqualified preferred stock.

Bring Jobs Home Act

Rep. Bill Pascrell [D-NJ]	Rep. Xavier Becerra [D-CA]	Rep. Shelley Berkley [D-NV]	Rep. Earl Blumenauer [D-OR]
Rep. Joseph Crowley [D-NY]	Rep. John Dingell [D-MI]	Rep. Lloyd Doggett [D-TX]	Rep. Ron Kind [D-WI]
Rep. John Larson [D-CT]	Rep. Sander Levin [D-MI]	Rep. John Lewis [D-GA]	Rep. Jim McDermott [D-WA]
Rep. Richard Neal [D-MA]	Rep. Charles Rangel [D-NY]	Rep. Fortney Stark [D-CA]	Rep. Mike Thompson [D-CA]

Date	Chamber	Action
2012-07-19	House	Referred to the House Committee on Ways and Means.

HB2604 (Related) 2011-07-20 - Referred to the House Committee on Ways and Means.
HB5542 (Related) 2012-05-08 - Referred to the House Committee on Ways and Means.
SB2884 (Related) 2012-05-08 - Read twice and referred to the Committee on Finance.
SB3364 (Related) 2012-07-19 - Cloture on the motion to proceed to the measure not invoked in Senate by Yea-Nay Vote. 56 - 42. Record Vote Number: 181. (consideration: CR S5189; text: CR S5189)

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/house-bill/6152/all-info
Text	https://www.congress.gov/112/bills/hr6152/BILLS-112hr6152ih.pdf