Bill > HR5974

Introduced Session

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.

Committee Categories

Tammy Baldwin (D),  Xavier Becerra (D),  Shelley Berkley (D),  Earl Blumenauer (D),  David Cicilline (D),  Joseph Crowley (WFP),  Ron Kind (D),  John Larson (D),  Sander Levin (D),  John Lewis (D),  Jim McDermott (D),  Michael Michaud (D),  Richard Neal (D),  Bill Pascrell (D),  Charles Rangel (D),  Fortney Stark (D),  Mike Thompson (D),  Chris Van Hollen (D), 

Referred to the House Committee on Ways and Means. (on 06/20/2012)

Official Document