American Job Creation and Investment Act of 2011

Summary

American Job Creation and Investment Act of 2011 - Amends the Internal Revenue Code, with respect to the election to accelerate the alternative minimum tax (AMT) credit in lieu of bonus depreciation, to: (1) repeal the $30 million cap on the AMT tax credit and increase the rate of such credit from 6% to 50%, (2) allow investments made by partnerships that are more than 50% owned by a corporation to qualify for such increased AMT credit amount, and (3) allow taxpayers to make separate elections for each taxable year to take bonus depreciation or AMT credits in lieu of bonus depreciation.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 6 October 2011

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• Introduced in House (PDF)

  Introduced in House · EN · 6 October 2011

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 6 October 2011

  Open at official source

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