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H.R. 6030 112th Congress House

Hire Now Act of 2012

Official title: To provide a temporary tax credit for increased payroll, to eliminate certain tax benefits for major integrated oil companies, and for other purposes.

Introduced: June 27, 2012 See on congress.gov
Taxation Accounting and auditingCorporate finance and managementEmployee hiringIncome tax credits
More subjectsShow fewer subjects
Income tax deductionsOil and gasTax administration and collection, taxpayersWages 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
Jun 27, 2012
Referred to the House Committee on Ways and Means.
Jun 27, 2012
Introduced in House
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 Latest action June 27, 2012

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Hire Now Act of 2012 - Amends the Internal Revenue Code to: (1) allow certain employers a tax credit for 10% of the excess (if any) of the wages and compensation paid to their employees in 2012 over the amount of such wages paid in 2011, up to a maximum amount of $5 million; (2) prohibit major integrated oil companies from using the last-in, first-out (LIFO) accounting method; and (3) deny major integrated oil companies a tax deduction for intangible drilling and development costs.

 Related & companion bills 1
  • S 2237 Identical bill Small Business Jobs and Tax Relief Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 13
All 13 Democratic 3
BECERRA, XAVIER
· Jun 27, 2012
BERKLEY, SHELLEY
· Jun 27, 2012
Blumenauer, Earl
· Jun 27, 2012
CROWLEY, JOSEPH
· Jun 27, 2012
KIND, RON
· Jun 27, 2012
 D
Larson, John B.
Connecticut · Jun 27, 2012
LEWIS, JOHN
· Jun 27, 2012
MCDERMOTT, JIM
· Jun 27, 2012
 D
Neal, Richard E.
Massachusetts · Jun 27, 2012
Pascrell, Bill
· Jun 27, 2012
RANGEL, CHARLES
· Jun 27, 2012
STARK, PETE
· Jun 27, 2012
 D
Thompson, Mike
California · Jun 27, 2012
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 6030: Hire Now Act of 2012. 112th Congress. Open America. https://openamerica.io/bill/112-HR-6030/
MLA
"H.R. 6030: Hire Now Act of 2012." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-HR-6030/.
Bluebook (legal)
H.R. 6030, 112th Cong. (2026), https://openamerica.io/bill/112-HR-6030/.
Markdown link
[H.R. 6030: Hire Now Act of 2012](https://openamerica.io/bill/112-HR-6030/)
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