Bill > HR6030

Introduced Session

Hire Now Act of 2012 - Amends the Internal Revenue Code to: (1) allow certain employers a tax credit for 10% of the excess (if any) of the wages and compensation paid to their employees in 2012 over the amount of such wages paid in 2011, up to a maximum amount of $5 million; (2) prohibit major integrated oil companies from using the last-in, first-out (LIFO) accounting method; and (3) deny major integrated oil companies a tax deduction for intangible drilling and development costs.

Committee Categories

Xavier Becerra (D),  Shelley Berkley (D),  Earl Blumenauer (D),  Joseph Crowley (WFP),  Ron Kind (D),  John Larson (D),  Sander Levin (D),  John Lewis (D),  Jim McDermott (D),  Richard Neal (D),  Bill Pascrell (D),  Charles Rangel (D),  Fortney Stark (D),  Mike Thompson (D), 

Referred to the House Committee on Ways and Means. (on 06/27/2012)

Official Document