US HB5542 | 2011-2012 | 112th Congress


Status

May 8 2012 - 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.

Tracking Information

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Title

Bring Jobs Home Act

Sponsors

Rep Pascrell, Bill, Jr.Rep Andrews, Robert E.Rep Baca, JoeRep Baldwin, Tammy
Rep Becerra, XavierRep Berkley, ShelleyRep Bishop, Sanford D., Jr.Rep Bishop, Timothy H.
Rep Blumenauer, EarlRep Bonamici, SuzanneRep Boswell, Leonard L.Rep Brady, Robert A.
Rep Carson, AndreRep Cicilline, David N.Rep Clarke, HansenRep Conyers, John, Jr.
Rep Costello, Jerry F.Rep Critz, Mark S.Rep Crowley, JosephRep DeFazio, Peter A.
Rep Dingell, John D.Rep Doggett, LloydRep Doyle, Michael F.Rep Edwards, Donna F.
Rep Ellison, KeithRep Farr, SamRep Filner, BobRep Fudge, Marcia L.
Rep Green, GeneRep Hastings, Alcee L.Rep Heinrich, MartinRep Higgins, Brian
Rep Hochul, Kathleen C.Rep Holt, Rush D.Rep Honda, Michael M.Rep Israel, Steve
Rep Kaptur, MarcyRep Keating, William R.Rep Kind, RonRep Kissell, Larry
Rep Kucinich, Dennis J.Rep Larsen, RickRep Larson, John B.Rep LaTourette, Steven C.
Rep Levin, Sander M.Rep Lewis, JohnRep Lipinski, DanielRep Loebsack, David
Rep Lowey, Nita M.Rep Lynch, Stephen F.Rep Maloney, Carolyn B.Rep McCarthy, Carolyn
Rep McCollum, BettyRep McDermott, JimRep McGovern, James P.Rep Michaud, Michael H.
Rep Miller, GeorgeRep Murphy, Christopher S.Rep Napolitano, Grace F.Rep Neal, Richard E.
Rep Norton, Eleanor HolmesRep Owens, William L.Rep Pallone, Frank, Jr.Rep Perlmutter, Ed
Rep Peters, Gary C.Rep Pingree, ChellieRep Rahall, Nick J., IIRep Rangel, Charles B.
Rep Ruppersberger, C. A. DutchRep Ryan, TimRep Sanchez, Linda T.Rep Sanchez, Loretta
Rep Sarbanes, John P.Rep Schakowsky, Janice D.Rep Schiff, Adam B.Rep Schrader, Kurt
Rep Schwartz, Allyson Y.Rep Scott, Robert C. "Bobby"Rep Sewell, Terri A.Rep Slaughter, Louise McIntosh
Rep Speier, JackieRep Stark, Fortney PeteRep Sutton, BettyRep Thompson, Mike
Rep Tierney, John F.Rep Tonko, Paul D.Rep Tsongas, NikiRep Walz, Timothy J.
Rep Wasserman Schultz, Debbie

History

DateChamberAction
2012-05-08HouseReferred to the House Committee on Ways and Means.

Same As/Similar To

SB2884 (Related) 2012-05-08 - Read twice and referred to the Committee on Finance.
SB3364 (Related) 2012-07-19 - Cloture on the motion to proceed to the measure not invoked in Senate by Yea-Nay Vote. 56 - 42. Record Vote Number: 181. (consideration: CR S5189; text: CR S5189)
HB6152 (Related) 2012-07-19 - Referred to the House Committee on Ways and Means.

Subjects


US Congress State Sources


Bill Comments

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