HB10842: To amend the Internal Revenue Code of 1986 to establish the financial services customer support onshoring credit.
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
To amend the Internal Revenue Code of 1986 to establish the financial services customer support onshoring credit.
Plain-language summary
This bill would create a new tax credit for financial services companies that move customer support jobs from overseas back to the United States. A tax credit is a reduction in taxes owed to the federal government. The bill amends the Internal Revenue Code, which contains all federal tax laws. The bill has been introduced in Congress but has not yet been assigned to a for review.
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HB10842: To amend the Internal Revenue Code of 1986 to establish the financial services…