Bill > S2237

Introduced Session

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.

Richard Blumenthal (D),  Bob Casey (D),  Chris Coons (D),  Dick Durbin (D),  Mary Landrieu (D),  Harry Reid (D),  Chuck Schumer (D),  Sheldon Whitehouse (D), 

Returned to the Calendar. Calendar No. 341. (on 07/12/2012)

Official Document