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HR 4260 112th Congress House

Adjusting for Income Disparity Act of 2012

Official title: To amend the Internal Revenue Code of 1986 to allow an income disparity tax credit.

Introduced: March 26, 2012 Introduced by: Clarke, Yvette D. Democratic · New York See on congress.gov
Taxation Capital gains taxIncome tax creditsIncome tax deductionsIncome tax rates
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Tax treatment of familiesTransfer and inheritance taxesWages and earnings
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This bill died when the 112th Congress ended
It never became law before the 112th Congress (2011–2012) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 26, 2012
Referred to the House Committee on Ways and Means.
Mar 26, 2012
Introduced in House
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 Latest action March 26, 2012

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Adjusting for Income Disparity Act of 2012 - Amends the Internal Revenue Code to allow an individual taxpayer a new tax credit to compensate for income disparity. Sets the amount of such credit at the applicable credit amount ($2,500 to $5,000) reduced by a specified percentage (3 1/3% to 6 2/3%) of the excess of the taxpayer's modified adjusted gross income over a specified threshold ($15,000 to $30,000), based on the number of the taxpayer's dependents.

Accelerates to December 31, 2011 (currently, December 31, 2012), the termination date for the Economic Growth and Tax Relief Reconciliation Act (EGTRRA) and the provisions of the Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA) providing for a reduction in capital gain and dividend tax rates.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 4260: Adjusting for Income Disparity Act of 2012. 112th Congress. Open America. https://openamerica.io/bill/112-HR-4260/
MLA
"H.R. 4260: Adjusting for Income Disparity Act of 2012." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-HR-4260/.
Bluebook (legal)
H.R. 4260, 112th Cong. (2026), https://openamerica.io/bill/112-HR-4260/.
Markdown link
[H.R. 4260: Adjusting for Income Disparity Act of 2012](https://openamerica.io/bill/112-HR-4260/)
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