Proposal:Bring Jobs Home Act

This proposal is archived and closed to further debate. It was introduced in the 116th Congress, which has concluded, and the bill was not enacted into law.

Bill	HR 6992
Type of Legislation	House Bill
Congress	116
Status	Archived — 116th Congress concluded
Source	View original on Congress.gov

Geographic Scope

National

Description

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.

Bill Title

Bring Jobs Home Act

Linked Goals

• Goal:Promote General Welfare

Steps

• 2020-05-22: Referred to the House Committee on Ways and Means.
• 2020-05-22: Introduced in House
• 2020-05-22: Introduced in House

Projected Outcome

A more informed proposal or public response aligned with the Promote General Welfare goal.