HR 4196
112th Congress
House
Taxation
Business investment and capital
Income tax credits
Income tax deductions
To amend the Internal Revenue Code of 1986 to extend the allowance for bonus depreciation for certain business assets.
Introduced: March 13, 2012
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 13, 2012
Referred to the House Committee on Ways and Means.
Mar 13, 2012
Introduced in House
Plain-English 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.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1