US Congress House Bill 2963 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 30-0)
Status: Introduced on July 8 2015 - 25% progression, died in committee
Action: 2015-07-08 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

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.

Bring Jobs Home Act

Rep. Bill Pascrell [D-NJ]	Rep. John Larson [D-CT]	Rep. Richard Neal [D-MA]	Rep. Xavier Becerra [D-CA]
Rep. Ron Kind [D-WI]	Rep. Steve Israel [D-NY]	Rep. Julia Brownley [D-CA]	Rep. Mark Takano [D-CA]
Rep. Matthew Cartwright [D-PA]	Rep. Elizabeth Esty [D-CT]	Rep. Eric Swalwell [D-CA]	Rep. Eleanor Norton [D-DC]
Rep. Brian Higgins [D-NY]	Rep. Robert Brady [D-PA]	Rep. John Garamendi [D-CA]	Rep. Cheri Bustos [D-IL]
Rep. Judy Chu [D-CA]	Rep. Marcy Kaptur [D-OH]	Rep. Frank Pallone [D-NJ]	Rep. Peter Visclosky [D-IN]
Rep. Joseph Crowley [D-NY]	Rep. Joe Courtney [D-CT]	Rep. Grace Napolitano [D-CA]	Rep. James McGovern [D-MA]
Rep. Jerrold Nadler [D-NY]	Rep. Michelle Lujan Grisham [D-NM]	Rep. Rosa DeLauro [D-CT]	Rep. Hakeem Jeffries [D-NY]
Rep. Robert Scott [D-VA]	Rep. Gwen Graham [D-FL]

Date	Chamber	Action
2015-07-08	House	Referred to the House Committee on Ways and Means.
2015-07-08	House	Introduced in House

SB1737 (Related) 2015-07-09 - Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/house-bill/2963/all-info
Text	https://www.congress.gov/114/bills/hr2963/BILLS-114hr2963ih.pdf