H.R. 3123 · 112th Congress
American Job Creation and Investment Act of 2011
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Never voted on. It didn't reach a floor vote before the 112th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
TiberiSponsor13 cosponsors · 6 D, 7 R
D
Levin
JL
D
Larson
GP
D
Peters
DR
R
Reichert
KM
R
Marchant
DN
R
Nunes
EP
R
Paulsen
CB
R
Boustany
AS
R
Schock
LJ
R
Jenkins
AC
D
Carson
LS
D
Slaughter
WO
D
Owens4 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
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…
What it does: CRS summary · Introduced in House · Oct 6, 2011
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: American Job Creation and Investment Act of 2011
Latest action (Oct 6, 2011): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Oct 6, 2011
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.