HR 8 · 112th Congress · Taxation
American Taxpayer Relief Act of 2012
Bill Progress
1
Introduced✓
Committee✓
House Vote✓
Senate✓
EnactedLatest: Became Public Law No: 112-240.(2013-01-02)
Recorded Votes
PassedSenate · 2013-01-01
Roll #251 ↗Yea 89Nay 8
PassedSenate · 2013-01-01
Roll #251 ↗Yea 89Nay 8
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Plain Language Summary
[AI summary unavailable — showing source text]
Job Protection and Recession Prevention Act of 2012 - Extends through 2013: (1) the tax rate reductions and other tax benefits of the Economic Growth and Tax Relief Reconciliation Act of 2001, and (2) the reduction in the tax rates for dividend and capital gain income enacted by the Jobs and Growth Tax Relief Reconciliation Act of 2003. Amends the Internal Revenue Code to extend for an additional year: (1) the increased expensing allowance for depreciable business assets, including computer software; (2) the increased exemption amount from the alternative minimum tax (AMT) for individual taxpayers; and (3) the offset against the AMT for certain nonrefundable personal tax credits. Provides that the budgetary effects of this Act shall not be taken into account under the Statutory Pay-As-You-Go Act of 2010.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 8, American Taxpayer Relief Act of 2012
Jan 1, 2013As passed by the Senate on January 1, 2013
Full CBO report ↗Detail on Estimated Budgetary Effects of Title VI (Medicare and Other Health Extensions) of the American Taxpayer Relief Act of 2012
Jan 1, 2013As passed by the Senate on January 1, 2013
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office
Cosponsors (20)
20 Republicans