Bring Jobs Home Act

Summary

Bring Jobs Home Act This bill (1) grants 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) denies a tax deduction for outsourcing expenses incurred in relocating a U.S. business outside the United States. The bill 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. The bill eliminates the temporary suspension (for taxable years 2018 through 2025) of the tax deduction for moving expenses.

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Timeline

1. 22 May 2020

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 22 May 2020

   Introduced

   Introduced in House

   Source: IntroReferral

3. 22 May 2020

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 22 May 2020 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 22 May 2020

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 22 May 2020

  ViewDownloadOpen at official source

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  Vertaal document

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• Introduced in House

  summary · EN · 22 May 2020

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Pascrell, Bill, Jr. [D-NJ-9] · D · Sponsor
• Rep. Davis, Danny K. [D-IL-7] · D · Sponsor
• Rep. Sánchez, Linda T. [D-CA-38] · D · Sponsor
• Rep. DelBene, Suzan K. [D-WA-1] · D · Sponsor
• Rep. Swalwell, Eric [D-CA-15] · D · Sponsor
• Del. Norton, Eleanor Holmes [D-DC-At Large] · D · Sponsor
• Rep. Brownley, Julia [D-CA-26] · D · Sponsor
• Rep. Watson Coleman, Bonnie [D-NJ-12] · D · Sponsor
• Rep. Barragán, Nanette Diaz [D-CA-44] · D · Sponsor
• Rep. Lee, Barbara [D-CA-12] · D · Sponsor
• Rep. Cohen, Steve [D-TN-9] · D · Sponsor
• · hswm00 · Standing

Related records

• related to → Bring Jobs Home Act