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H.R. 2963

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.

Referred to the House Committee on Ways and Means.

Rep. Pascrell, Bill, Jr. [D-NJ-9](D-NJ)Sponsor
29 cosponsors29 D
29cosponsors1committees3actions1related bills7subjects
  1. IntroReferralH11100

    Referred to the House Committee on Ways and Means.

    Ways and Means Committee
  2. IntroReferralIntro-H

    Introduced in House

  3. IntroReferral1000

    Introduced in House

Bring Jobs Home Act — Informed