Bring Jobs Home Act
Latest action · May 22, 2020 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMay 22, 2020
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
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.
Cosponsors 10
Members who signed on, in the order they did. All signed on May 22, 2020.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-CA | Barbara Lee | Original | May 22, 2020 |
| D-NJ | Bonnie Watson Coleman | Original | May 22, 2020 |
| D-IL | Danny K. Davis | Original | May 22, 2020 |
| D-DC | Eleanor Holmes Norton | Original | May 22, 2020 |
| D-CA | Eric Swalwell | Original | May 22, 2020 |
| D-CA | Julia Brownley | Original | May 22, 2020 |
| D-CA | Linda T. Sánchez | Original | May 22, 2020 |
| D-CA | Nanette Diaz Barragán | Original | May 22, 2020 |
| D-TN | Steve Cohen | Original | May 22, 2020 |
| D-WA | Suzan K. DelBene | Original | May 22, 2020 |
Actions 2
Everything that happened, newest first.
- May 22, 2020Introduced in House
- May 22, 2020Referred to the House Committee on Ways and Means.
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- May 22, 2020Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.
