3.0.0 6152 2019-02-20T22:37:26Z 2019-02-23T21:33:05Z House H HR 2012-07-19 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. PASCRELL:H.R. 6152.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1``The Congress shall have Power to lay and collect Taxes,Duties, Imposts and Excises, to pay the Debts and provide forthe common Defence and general Welfare of the United States;but all Duties, Imposts and Excises shall be uniformthroughout the United States.''Sixteenth Amendment``The Congress shall have power to lay and collect taxes onincomes, from whatever source derived, without apportionmentamong the several States, and without regard to any census orenumeration.''[Page H5078]]]> hswm00 Ways and Means Committee House Standing Referred to 2012-07-19T14:01:00Z Bring Jobs Home Act 112 3364 S 2012-07-19 Cloture on the motion to proceed to the measure not invoked in Senate by Yea-Nay Vote. 56 - 42. Record Vote Number: 181. (consideration: CR S5189; text: CR S5189) Related bill CRS To amend the Internal Revenue Code of 1986 to provide for the treatment of securities of a controlled corporation exchanged for assets in certain reorganizations. 112 2604 HR 2011-07-20 Referred to the House Committee on Ways and Means. Related bill CRS Bring Jobs Home Act 112 5542 HR 2012-05-08 Referred to the House Committee on Ways and Means. Related bill CRS Bring Jobs Home Act 112 2884 S 2012-05-08 Read twice and referred to the Committee on Finance. Related bill CRS 2012-07-19 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2012-07-19 Introduced in House IntroReferral Intro-H 9 Library of Congress 2012-07-19 Introduced in House IntroReferral 1000 9 Library of Congress P000096 Rep. Pascrell, Bill, Jr. [D-NJ-8] WILLIAM PASCRELL D NJ J. 8 N L000263 Rep. Levin, Sander M. [D-MI-12] SANDER LEVIN D MI M. 12 2012-07-19 True R000053 Rep. Rangel, Charles B. [D-NY-15] CHARLES RANGEL D NY B. 15 2012-07-19 True S000810 Rep. Stark, Fortney Pete [D-CA-13] PETE STARK D CA 13 2012-07-19 True M000404 Rep. McDermott, Jim [D-WA-7] JIM MCDERMOTT D WA 7 2012-07-19 True L000287 Rep. Lewis, John [D-GA-5] JOHN LEWIS D GA 5 2012-07-19 True N000015 Rep. Neal, Richard E. [D-MA-2] RICHARD NEAL D MA E. 2 2012-07-19 True B000287 Rep. Becerra, Xavier [D-CA-31] XAVIER BECERRA D CA 31 2012-07-19 True D000399 Rep. Doggett, Lloyd [D-TX-25] LLOYD DOGGETT D TX 25 2012-07-19 True T000460 Rep. Thompson, Mike [D-CA-1] MIKE THOMPSON D CA 1 2012-07-19 True L000557 Rep. Larson, John B. [D-CT-1] JOHN LARSON D CT B. 1 2012-07-19 True B000574 Rep. Blumenauer, Earl [D-OR-3] EARL BLUMENAUER D OR 3 2012-07-19 True K000188 Rep. Kind, Ron [D-WI-3] RON KIND D WI 3 2012-07-19 True C001038 Rep. Crowley, Joseph [D-NY-7] JOSEPH CROWLEY D NY 7 2012-07-19 True B001231 Rep. Berkley, Shelley [D-NV-1] SHELLEY BERKLEY D NV 1 2012-07-19 True D000355 Rep. Dingell, John D. [D-MI-15] JOHN DINGELL D MI D. 15 2012-07-23 False Taxation Business investment and capital Capital gains tax Corporate finance and management Employee hiring Foreign and international corporations Income tax credits Income tax deductions Income tax exclusion Securities Taxation of foreign income U.S. territories and protectorates Taxation 00 2012-07-19 Introduced in House 2012-08-23T18:47:44Z 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.

Allows nonrecognition of gain in a corporate reorganization for corporations that exchange property solely for stock other than nonqualified preferred stock.

]]> Bring Jobs Home Act Short Titles as Introduced Bring Jobs Home Act Display Title Bring Jobs Home Act Official Title as Introduced To amend the Internal Revenue Code of 1986 to encourage domestic insourcing and discourage foreign outsourcing, and for other purposes. Introduced in House 2012-07-19T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr6152ih/xml/BILLS-112hr6152ih.xml 2012-07-19 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.