Bring Jobs Home Act

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

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 19 July 2012

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• Introduced in House (PDF)

  Introduced in House · EN · 19 July 2012

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• Introduced in House

  summary · EN · 19 July 2012

  Open at official source

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