HR 4196 · 112th Congress · Taxation

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

Introduced 2012-03-13· Sponsored by Rep. Tiberi, Patrick J. [R-OH-12]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2012-03-13)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

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

Cosponsors (20)

12 Democrats8 Republicans
Rep. Larson, John B. [D-CT-1]CT
Rep. Paulsen, Erik [R-MN-3]MN
Rep. Neal, Richard E. [D-MA-2]MA
Rep. Marchant, Kenny [R-TX-24]TX
Rep. Pascrell, Bill, Jr. [D-NJ-8]NJ
Rep. Price, Tom [R-GA-6]GA
Rep. Crowley, Joseph [D-NY-7]NY
Rep. Blumenauer, Earl [D-OR-3]OR
Rep. Rangel, Charles B. [D-NY-15]NY
Rep. Lewis, John [D-GA-5]GA
Rep. Brady, Kevin [R-TX-8]TX
Rep. Levin, Sander M. [D-MI-12]MI
Rep. Olson, Pete [R-TX-22]TX
Rep. Sánchez, Linda T. [D-CA-39]CA
Rep. Boustany, Charles W., Jr. [R-LA-7]LA
Rep. Peters, Gary C. [D-MI-9]MI
Rep. Gingrey, Phil [R-GA-11]GA
Rep. Sullivan, John [R-OK-1]OK
Rep. Berkley, Shelley [D-NV-1]NV
Rep. Sanchez, Loretta [D-CA-47]CA