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112th Congress

Summary of the Investing in American Innovation Act of 2012:

Extending the R&D Tax Credit


Date:
Location:
1100 Longworth House Office Building

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.