US HB851 | 2013-2014 | 113th Congress
Status
Spectrum: Partisan Bill (Democrat 57-0)
Status: Introduced on February 27 2013 - 25% progression, died in committee
Action: 2013-02-27 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 27 2013 - 25% progression, died in committee
Action: 2013-02-27 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
Bring Jobs Home Act
Sponsors
History
Date | Chamber | Action |
---|---|---|
2013-02-27 | House | Referred to the House Committee on Ways and Means. |
Same As/Similar To
SB337 (Related) 2013-02-14 - Read twice and referred to the Committee on Finance.
SB2562 (Related) 2014-07-07 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 451.
SB2569 (Related) 2014-07-30 - Cloture on the measure not invoked in Senate by Yea-Nay Vote. 54 - 42. Record Vote Number: 249. (consideration: CR S5082-5083; text: CR S5082)
SB2681 (Related) 2014-07-29 - Read twice and referred to the Committee on Finance.
SB2562 (Related) 2014-07-07 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 451.
SB2569 (Related) 2014-07-30 - Cloture on the measure not invoked in Senate by Yea-Nay Vote. 54 - 42. Record Vote Number: 249. (consideration: CR S5082-5083; text: CR S5082)
SB2681 (Related) 2014-07-29 - Read twice and referred to the Committee on Finance.
Subjects
Business investment and capital
Employee hiring
Foreign and international corporations
Income tax credits
Income tax deductions
Taxation
Taxation of foreign income
U.S. territories and protectorates
Employee hiring
Foreign and international corporations
Income tax credits
Income tax deductions
Taxation
Taxation of foreign income
U.S. territories and protectorates
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/113th-congress/house-bill/851/all-info |
Text | https://www.congress.gov/113/bills/hr851/BILLS-113hr851ih.pdf |