HR 4850
111th Congress
House
Taxation
Business investment and capital
Income tax credits
Income tax rates
Wages and earnings
American Job Creation and Investment Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 16, 2010
Referred to the House Committee on Ways and Means.
Mar 16, 2010
Introduced in House
Plain-English summary
American Job Creation and Investment Act - Amends the Internal Revenue Code to allow a corporation to elect in 2010 and 2011 to increase its alternative minimum tax (AMT) credits by a specified credit adjustment amount for purposes of increasing its U.S. workforce and making investments in business equipment. Allows a similar election for a taxable year which includes December 31, 2009, with certain restrictions. Terminates such additional credit allowance after December 31, 2011.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1