3.0.0 2681 2023-01-11T13:25:45Z 2023-01-11T13:25:45Z Senate S S 2014-07-29 113 ssfi00 Finance Committee Senate Standing Referred to 2014-07-29T21:56:18Z Bring Jobs Home Act 113 851 HR 2013-02-27 Referred to the House Committee on Ways and Means. Related bill CRS Bring Jobs Home Act 113 337 S 2013-02-14 Read twice and referred to the Committee on Finance. Related bill CRS Bring Jobs Home Act 113 2562 S 2014-07-07 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 451. Related bill CRS Bring Jobs Home Act 113 2569 S 2014-07-30 Cloture on the measure not invoked in Senate by Yea-Nay Vote. 54 - 42. Record Vote Number: 249. (consideration: CR S5082-5083; text: CR S5082) Related bill CRS 2014-07-29 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2014-07-29 Introduced in Senate IntroReferral 10000 9 Library of Congress P000590 Sen. Pryor, Mark L. [D-AR] Mark Pryor D AR Lunsford N W000818 Sen. Walsh, John E. [D-MT] John Walsh D MT E. 2014-07-29 True Taxation Accounting and auditing Business investment and capital Economic development Employee hiring Foreign and international corporations Government lending and loan guarantees Income tax credits Income tax deductions Inflation and prices Lighting, heating, cooling Poverty and welfare assistance Rural conditions and development Taxation of foreign income U.S. territories and protectorates Unemployment Taxation 00 2014-07-29 Introduced in Senate 2014-09-26T18:19:13Z Keeping Jobs in America Act - Directs the Secretary of Commerce to establish a program to award grants to states that are recruiting high-value jobs (e.g., manufacturing, software publishing, and computer system design jobs that pay a higher than average wage). Allows the use of grants to issue forgivable loans to entities that employ not fewer than 50 full-time employees in high-value jobs and that are deciding whether to locate in rural and distressed areas.

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.

Extends through 2017 the additional allowance for depreciation of business property (bonus depreciation) and the election to accelerate the alternative minimum tax credit in lieu of bonus depreciation. Makes permanent: (1) the increased $500,000 expensing allowance for depreciable business property and qualified real property, and (2) the new markets tax credit.

]]> Keeping Jobs in America Act Display Title Keeping Jobs in America Act Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to provide incentives for businesses to keep jobs in the United States. Introduced in Senate IS Short Titles as Introduced Keeping Jobs in America Act Introduced in Senate 2014-07-29T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113s2681is/xml/BILLS-113s2681is.xml 2014-07-29 Read twice and referred to the Committee on Finance. 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.