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

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 27 March 2012

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 27 March 2012

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 27 March 2012 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 27 March 2012

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 27 March 2012

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 27 March 2012

  Open at official source

Sponsors

• Sen. Stabenow, Debbie [D-MI] · D · Sponsor
• Sen. Blunt, Roy [R-MO] · R · Sponsor
• Sen. Brown, Sherrod [D-OH] · D · Sponsor
• Rep. Roberts, Pat [R-KS-1] · R · Sponsor
• · ssfi00 · Standing

Related records

• related to → Made in America Act of 2011
• related to → Middle Class Tax Relief and Job Creation Act of 2012
• related to → Invest in America Now Act of 2012
• related to → Job Creation Act of 2011
• related to → To amend the Internal Revenue Code of 1986 to extend the allowance for bonus depreciation for certain business assets.
• related to ← Small Business Jobs and Tax Relief Act