US SB2562 | 2013-2014 | 113th Congress
Status
Spectrum: Partisan Bill (Democrat 22-0)
Status: Introduced on June 26 2014 - 25% progression, died in chamber
Action: 2014-07-07 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 451.
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on June 26 2014 - 25% progression, died in chamber
Action: 2014-07-07 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 451.
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.
Title
Bring Jobs Home Act
Sponsors
| Sen. Debbie Stabenow [D-MI] | Sen. Tammy Baldwin [D-WI] | Sen. Richard Blumenthal [D-CT] | Sen. Christopher Coons [D-DE] |
| Sen. Richard Durbin [D-IL] | Sen. Al Franken [D-MN] | Sen. Kay Hagan [D-NC] | Sen. Amy Klobuchar [D-MN] |
| Sen. Edward Markey [D-MA] | Sen. Claire McCaskill [D-MO] | Sen. Jeff Merkley [D-OR] | Sen. Mark Pryor [D-AR] |
| Sen. Jack Reed [D-RI] | Sen. John Rockefeller [D-WV] | Sen. Brian Schatz [D-HI] | Sen. Charles Schumer [D-NY] |
| Sen. Jeanne Shaheen [D-NH] | Sen. Mark Udall [D-CO] | Sen. Tom Udall [D-NM] | Sen. John Walsh [D-MT] |
| Sen. Mark Warner [D-VA] | Sen. Sheldon Whitehouse [D-RI] |
History
| Date | Chamber | Action |
|---|---|---|
| 2014-07-07 | Senate | Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 451. |
| 2014-06-26 | Senate | Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time. |
Same As/Similar To
HB851 (Related) 2013-02-27 - Referred to the House Committee on Ways and Means.
SB337 (Same As) 2013-02-14 - Read twice and referred to the Committee on Finance.
SB2569 (Same As) 2014-07-30 - Cloture on the measure not invoked in Senate by Yea-Nay Vote. 54 - 42. Record Vote Number: 249. (consideration: CR S5082-5083; text: CR S5082)
SB2681 (Related) 2014-07-29 - Read twice and referred to the Committee on Finance.
SB337 (Same As) 2013-02-14 - Read twice and referred to the Committee on Finance.
SB2569 (Same As) 2014-07-30 - Cloture on the measure not invoked in Senate by Yea-Nay Vote. 54 - 42. Record Vote Number: 249. (consideration: CR S5082-5083; text: CR S5082)
SB2681 (Related) 2014-07-29 - Read twice and referred to the Committee on Finance.
Subjects
Business investment and capital
Employee hiring
Foreign and international corporations
Income tax credits
Income tax deductions
Taxation
Taxation of foreign income
U.S. territories and protectorates
Employee hiring
Foreign and international corporations
Income tax credits
Income tax deductions
Taxation
Taxation of foreign income
U.S. territories and protectorates
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/113th-congress/senate-bill/2562/all-info |
| Text | https://www.congress.gov/113/bills/s2562/BILLS-113s2562pcs.pdf |
