Small Business Jobs and Tax Relief Act
Latest action · Jul 12, 2012 Returned to the Calendar. Calendar No. 341.
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.
- IntroducedMar 26, 2012
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Small Business Jobs and Tax Relief Act - Amends the Internal Revenue Code to allow certain employers a tax credit for 10% of the excess (if any) of: (1) the wages and compensation paid to their employees in 2012; over (2) the amount of such wages paid in 2011, up to a maximum amount of $5 million. Extends for one year the 100% bonus depreciation allowance for business assets. Increases 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.
Recorded votes 2
Newest first. Open one to see how every member voted.
| Roll call | Question | Result | Date |
|---|---|---|---|
| Senate 177 | On the Cloture Motion S. 2237 | Cloture Motion Rejected53–44 | Jul 12, 2012 |
| Senate 174 | On Cloture on the Motion to Proceed S. 2237 | Cloture on the Motion to Proceed Agreed to80–14 | Jul 10, 2012 |
Cosponsors 7
Members who signed on, in the order they did. Signatures ran from Apr 17, 2012 to Jul 10, 2012.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-NY | Charles E. Schumer | Apr 17, 2012 | |
| D-LA | Mary L. Landrieu | Apr 25, 2012 | |
| D-IL | Richard J. Durbin | Apr 25, 2012 | |
| D-PA | Robert P. Casey Jr. | Apr 25, 2012 | |
| D-RI | Sheldon Whitehouse | Apr 26, 2012 | |
| D-CT | Richard Blumenthal | May 9, 2012 | |
| D-DE | Christopher A. Coons | Jul 10, 2012 |
Actions 19
Everything that happened, newest first.
- Jul 12, 2012Cloture on the measure not invoked in Senate by Yea-Nay Vote. 53 - 44. Record Vote Number: 177. (consideration: CR S4938; text: CR S4938)
- Jul 12, 2012Considered by Senate. (consideration: CR S4932-4938)
- Jul 12, 2012Returned to the Calendar. Calendar No. 341.
- Jul 11, 2012Cloture motion on the measure presented in Senate. (consideration: CR S4885; text: CR S4885)
- Jul 11, 2012Measure laid before Senate by motion. (consideration: CR S4835-4885)
Related bills 7
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 12 | Job Creation Act of 2011 | Related bill | Jan 25, 2011 |
| HR 1773 | Made in America Act of 2011 | Related bill | May 5, 2011 |
| S 2240 | A bill to amend the Internal Revenue Code of 1986 to extend the allowance for bonus depreciation for certain business assets. | Related bill | Mar 27, 2012 |
| HR 3630 | Middle Class Tax Relief and Job Creation Act of 2012 | Related bill | Feb 22, 2012 |
| HR 4196 | To amend the Internal Revenue Code of 1986 to extend the allowance for bonus depreciation for certain business assets. | Related bill | Mar 13, 2012 |
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Mar 27, 2012Placed on Calendar Senate
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.
