S 2240 · 112th Congress 2011–2013, ended

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

Introduced Mar 27, 2012 Originated Senate Sponsor Debbie Stabenow D-MI

Fact sheet

Latest action · Mar 27, 2012 Read twice and referred to the Committee on Finance.

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 27, 2012
Passed SenateNot reached
Passed HouseNot reached
To the PresidentNot reached
Became lawNot reached

Summary

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.

Cosponsors 3

Members who signed on, in the order they did. All signed on Mar 27, 2012.

Seat	Cosponsor		Signed on
R-KS	Pat Roberts	Original	Mar 27, 2012
R-MO	Roy Blunt	Original	Mar 27, 2012
D-OH	Sherrod Brown	Original	Mar 27, 2012

Actions 2

Everything that happened, newest first.

Mar 27, 2012Introduced in Senate
Mar 27, 2012Read twice and referred to the Committee on Finance.

Related bills 6

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 2237	Small Business Jobs and Tax Relief Act	Related bill	Jul 12, 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.	Identical bill	Mar 13, 2012

Show all 6 related bills

Subjects

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

Text 1

Each version as it was printed, newest first.

Mar 27, 2012Introduced in Senate

Support LegiList

This page is free, carries no paywall, and is built and maintained by one person. If the record here is useful to you, a few dollars keeps it going.

$1 $5 $10

Processed by Stripe in a separate window. LegiList never sees card details.

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.