US HB6487 | 2011-2012 | 112th Congress
Status
Spectrum: Slight Partisan Bill (Democrat 3-1)
Status: Introduced on September 21 2012 - 25% progression, died in committee
Action: 2012-09-21 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on September 21 2012 - 25% progression, died in committee
Action: 2012-09-21 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Manufacturing Economic Recovery Act of 2012 - Amends the Internal Revenue Code to allow: (1) a manufacturing recovery tax credit for investment in manufacturing real and tangible personal property used in the United States, including an increased credit for manufacturing property located in an economically disadvantaged area and an extremely economically disadvantaged area; (2) an additional investment tax credit for manufacturing property; and (3) a work opportunity tax credit for hiring an employee in a manufacturing facility located in the United States (manufacturing recovery employee), including an increased credit for hiring individuals receiving unemployment compensation.
Title
Manufacturing Economic Recovery Act of 2012
Sponsors
Rep. David McKinley [R-WV] | Rep. Mark Critz [D-PA] | Rep. Nick Rahall [D-WV] | Rep. Bobby Rush [D-IL] |
History
Date | Chamber | Action |
---|---|---|
2012-09-21 | House | Referred to the House Committee on Ways and Means. |
Subjects
Business investment and capital
Economic development
Employee hiring
Income tax credits
Manufacturing
Taxation
Economic development
Employee hiring
Income tax credits
Manufacturing
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/112th-congress/house-bill/6487/all-info |
Text | https://www.congress.gov/112/bills/hr6487/BILLS-112hr6487ih.pdf |