US HB5974 | 2011-2012 | 112th Congress
Status
Spectrum: Partisan Bill (Democrat 18-0)
Status: Introduced on June 20 2012 - 25% progression, died in committee
Action: 2012-06-20 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on June 20 2012 - 25% progression, died in committee
Action: 2012-06-20 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Invest in America Now Act of 2012 - Amends the Internal Revenue Code to: (1) extend through 2012 the 100% bonus depreciation allowance for business assets; (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; and (3) deny major integrated oil companies a tax deduction for income attributable to the domestic production, transportation, or distribution of oil, natural gas, and primary products thereof.
Title
Invest in America Now Act of 2012
Sponsors
| Rep. Sander Levin [D-MI] | Sen. Tammy Baldwin [D-WI] | Rep. Xavier Becerra [D-CA] | Rep. Shelley Berkley [D-NV] |
| Rep. Earl Blumenauer [D-OR] | Rep. David Cicilline [D-RI] | Rep. Joseph Crowley [D-NY] | Rep. Ron Kind [D-WI] |
| Rep. John Larson [D-CT] | Rep. John Lewis [D-GA] | Rep. Jim McDermott [D-WA] | Rep. Michael Michaud [D-ME] |
| Rep. Richard Neal [D-MA] | Rep. Bill Pascrell [D-NJ] | Rep. Charles Rangel [D-NY] | Rep. Fortney Stark [D-CA] |
| Rep. Mike Thompson [D-CA] | Sen. Chris Van Hollen [D-MD] |
History
| Date | Chamber | Action |
|---|---|---|
| 2012-06-20 | House | Referred to the House Committee on Ways and Means. |
Same As/Similar To
HB1773 (Related) 2011-05-05 - Referred to the House Committee on Ways and Means.
HB3630 (Related) 2012-02-22 - Became Public Law No: 112-96.
HB4196 (Related) 2012-03-13 - Referred to the House Committee on Ways and Means.
SB12 (Related) 2011-01-25 - Read twice and referred to the Committee on Finance.
SB2237 (Related) 2012-07-12 - Returned to the Calendar. Calendar No. 341.
SB2240 (Related) 2012-03-27 - Read twice and referred to the Committee on Finance.
HB3630 (Related) 2012-02-22 - Became Public Law No: 112-96.
HB4196 (Related) 2012-03-13 - Referred to the House Committee on Ways and Means.
SB12 (Related) 2011-01-25 - Read twice and referred to the Committee on Finance.
SB2237 (Related) 2012-07-12 - Returned to the Calendar. Calendar No. 341.
SB2240 (Related) 2012-03-27 - Read twice and referred to the Committee on Finance.
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/112th-congress/house-bill/5974/all-info |
| Text | https://www.congress.gov/112/bills/hr5974/BILLS-112hr5974ih.pdf |
