HR 4167 · 112th Congress · Taxation

Tax Credits for Jobs Now Act of 2012

Introduced 2012-03-08· Sponsored by Rep. Barrow, John [D-GA-12]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2012-03-08)

Plain Language Summary

[AI summary unavailable — showing source text] Tax Credits for Jobs Now Act of 2012 - Amends the Internal Revenue Code to allow employers a refundable tax credit for: (1) 60% of the excess of the aggregate wages paid to employees during 2012 over the aggregate wages paid during 2011, and (2) 40% of the excess of such wages paid during 2013 over the aggregate inflation-adjusted wages paid during 2012. Limits the maximum amount of such credit to $500,000 in any calendar year.…

Summarized by Claude AI · Non-partisan · For informational purposes only