HR 3123 · 112th Congress 2011–2013, ended

American Job Creation and Investment Act of 2011

Introduced Oct 6, 2011 Originated House Sponsor Patrick J. Tiberi R-OH

Fact sheet

Latest action · Oct 6, 2011 Referred to the House Committee on Ways and Means.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

IntroducedOct 6, 2011
Passed HouseNot reached
Passed SenateNot reached
To the PresidentNot reached
Became lawNot reached

Summary

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.

Cosponsors 13

Members who signed on, in the order they did. Signatures ran from Oct 6, 2011 to Dec 1, 2011, with 4 there on the day it was introduced.

Seat	Cosponsor		Signed on
R-WA	David G. Reichert	Original	Oct 6, 2011
D-MI	Gary C. Peters	Original	Oct 6, 2011
D-CT	John B. Larson	Original	Oct 6, 2011
D-MI	Sander M. Levin	Original	Oct 6, 2011
R-CA	Devin Nunes		Oct 27, 2011
R-MN	Erik Paulsen		Oct 27, 2011
R-TX	Kenny Marchant		Oct 27, 2011
R-IL	Aaron Schock		Nov 4, 2011
R-LA	Charles W. Boustany, Jr.		Nov 4, 2011
R-KS	Lynn Jenkins		Nov 18, 2011
D-IN	André Carson		Nov 30, 2011
D-NY	Louise McIntosh Slaughter		Nov 30, 2011
D-NY	William L. Owens		Dec 1, 2011

Actions 2

Everything that happened, newest first.

Oct 6, 2011Introduced in House
Oct 6, 2011Referred to the House Committee on Ways and Means.

Subjects

Assigned by the Library of Congress. Policy area: Taxation.

Text 1

Each version as it was printed, newest first.

Oct 6, 2011Introduced in House

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.