112th Congress
Summary of the Investing in American Innovation Act of 2012:
Extending the R&D Tax Credit
Tax Credits for “Insourcing” Jobs
The bill creates a new tax credit to provide an incentive for U.S. companies to move jobs from overseas back to America. Specifically, the initiative will allow companies to qualify for a tax credit equal to 20% of the cost associated with bringing jobs and business activity back to the United States.