Ask AI
S. 1737

Bring Jobs Home Act

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.

Sen. Stabenow, Debbie [D-MI](D-MI)Sponsor
19 cosponsors19 D
19cosponsors1committees2actions1related bills7subjects
  1. IntroReferral

    Read twice and referred to the Committee on Finance.

    Finance Committee
  2. IntroReferral10000

    Introduced in Senate