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HR 5974 112th Congress House Taxation Business investment and capital Income tax credits Income tax deductions Oil and gas

Invest in America Now Act of 2012

Introduced: June 20, 2012 See on congress.gov
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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
Jun 20, 2012
Referred to the House Committee on Ways and Means.
Jun 20, 2012
Introduced in House
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 Plain-English summary Congressional Research Service

Invest in America Now Act of 2012 - Amends the Internal Revenue Code to: (1) extend through 2012 the 100% bonus depreciation allowance for business assets; (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; and (3) deny major integrated oil companies a tax deduction for income attributable to the domestic production, transportation, or distribution of oil, natural gas, and primary products thereof.

What's happening now June 20, 2012

Referred to the House Committee on Ways and Means.

 Related & companion bills 6
  • HR 1773 Related bill Made in America Act of 2011
  • HR 3630 Related bill Middle Class Tax Relief and Job Creation Act of 2012
  • HR 4196 Related bill To amend the Internal Revenue Code of 1986 to extend the allowance for bonus depreciation for certain business assets.
  • S 12 Related bill Job Creation Act of 2011
  • S 2237 Related bill Small Business Jobs and Tax Relief Act
  • S 2240 Related bill A bill to amend the Internal Revenue Code of 1986 to extend the allowance for bonus depreciation for certain business a…
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 7
All 7 Democratic 5
D
Baldwin, Tammy
Wisconsin · Jul 9, 2012
BERKLEY, SHELLEY
· Jun 20, 2012
CROWLEY, JOSEPH
· Jun 20, 2012
 D
Larson, John B.
Connecticut · Jun 20, 2012
 D
Neal, Richard E.
Massachusetts · Jun 20, 2012
 D
Thompson, Mike
California · Jun 20, 2012
 D
Van Hollen, Chris
Maryland · Jun 20, 2012
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5974: Invest in America Now Act of 2012. 112th Congress. Open America. https://openamerica.io/bill/112-HR-5974/
MLA
"H.R. 5974: Invest in America Now Act of 2012." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-HR-5974/.
Bluebook (legal)
H.R. 5974, 112th Cong. (2026), https://openamerica.io/bill/112-HR-5974/.
Markdown link
[H.R. 5974: Invest in America Now Act of 2012](https://openamerica.io/bill/112-HR-5974/)
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