US HB4196 | 2011-2012 | 112th Congress

Status

Spectrum: Bipartisan Bill
Status: Introduced on March 13 2012 - 25% progression, died in committee
Action: 2012-03-13 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Amends the Internal Revenue Code to: (1) extend for one year the 100% bonus depreciation allowance for business assets, and (2) increase the amount of alternative minimum tax (AMT) credits that corporate taxpayers may elect to accelerate in a taxable year in lieu of claiming bonus depreciation.

Tracking Information

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Title

To amend the Internal Revenue Code of 1986 to extend the allowance for bonus depreciation for certain business assets.

Sponsors


History

DateChamberAction
2012-03-13HouseReferred to the House Committee on Ways and Means.

Same As/Similar To

HB3630 (Related) 2012-02-22 - Became Public Law No: 112-96.
SB2237 (Related) 2012-07-12 - Returned to the Calendar. Calendar No. 341.
SB2240 (Same As) 2012-03-27 - Read twice and referred to the Committee on Finance.
HB1773 (Related) 2011-05-05 - Referred to the House Committee on Ways and Means.
HB5974 (Related) 2012-06-20 - Referred to the House Committee on Ways and Means.
SB12 (Related) 2011-01-25 - Read twice and referred to the Committee on Finance.

Subjects


US Congress State Sources


Bill Comments

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