HR 5974 · 112th Congress · Taxation

Invest in America Now Act of 2012

Introduced 2012-06-20· Sponsored by Rep. Levin, Sander M. [D-MI-12]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2012-06-20)

Plain Language Summary

[AI summary unavailable — showing source text] Invest in America Now Act of 2012 - Amends the Internal Revenue Code to: (1) extend through 2012 the 100% bonus depreciation allowance for business assets; (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; and (3) deny major integrated oil companies a tax deduction for income attributable to the domestic production, transportation, or distribution of oil, natural gas, and primary products thereof.…

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

Cosponsors (17)

17 Democrats
Rep. Rangel, Charles B. [D-NY-15]NY
Rep. Stark, Fortney Pete [D-CA-13]CA
Rep. McDermott, Jim [D-WA-7]WA
Rep. Lewis, John [D-GA-5]GA
Rep. Neal, Richard E. [D-MA-2]MA
Rep. Becerra, Xavier [D-CA-31]CA
Rep. Thompson, Mike [D-CA-1]CA
Rep. Larson, John B. [D-CT-1]CT
Rep. Blumenauer, Earl [D-OR-3]OR
Rep. Kind, Ron [D-WI-3]WI
Rep. Pascrell, Bill, Jr. [D-NJ-8]NJ
Rep. Berkley, Shelley [D-NV-1]NV
Rep. Crowley, Joseph [D-NY-7]NY
Rep. Van Hollen, Chris [D-MD-8]MD
Rep. Michaud, Michael H. [D-ME-2]ME
Rep. Baldwin, Tammy [D-WI-2]WI
Rep. Cicilline, David N. [D-RI-1]RI