Bring Jobs Home Act
Sponsored By: Representative Pascrell, Bill, Jr. [D-NJ-9]
Unknown
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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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & CoSponsors
Sponsor
Pascrell, Bill, Jr. [D-NJ-9]
NJ • D
Cosponsors
Rep. Davis, Danny K. [D-IL-7]
IL • D
Sponsored 5/22/2020
Rep. Sánchez, Linda T. [D-CA-38]
CA • D
Sponsored 5/22/2020
Rep. DelBene, Suzan K. [D-WA-1]
WA • D
Sponsored 5/22/2020
Rep. Swalwell, Eric [D-CA-14]
CA • D
Sponsored 5/22/2020
Del. Norton, Eleanor Holmes [D-DC-At Large]
DC • D
Sponsored 5/22/2020
Rep. Brownley, Julia [D-CA-26]
CA • D
Sponsored 5/22/2020
Rep. Watson Coleman, Bonnie [D-NJ-12]
NJ • D
Sponsored 5/22/2020
Rep. Barragán, Nanette Diaz [D-CA-44]
CA • D
Sponsored 5/22/2020
Rep. Lee, Barbara [D-CA-12]
CA • D
Sponsored 5/22/2020
Rep. Cohen, Steve [D-TN-9]
TN • D
Sponsored 5/22/2020
Roll Call Votes
No roll call votes available for this bill.
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