HR 6120
112th Congress
House
Taxation
Building construction
Business investment and capital
Income tax credits
Industrial facilities
Manufacturing
Scaling Up Manufacturing Act of 2012
Introduced: July 12, 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
Jul 12, 2012
Referred to the House Committee on Ways and Means.
Jul 12, 2012
Introduced in House
Plain-English summary
Scaling Up Manufacturing Act of 2012 - Amends the Internal Revenue Code to allow certain start-up companies that are headquartered in the United States a tax credit for up to 25% of their costs for the construction of a manufacturing facility and for the purchase of specialized equipment for use at such facility.
Defines a "start-up company" as any corporation or partnership that: (1) first has both gross receipts and qualified research expenses in a taxable year beginning after December 31, 2012, or (2) has both gross receipts and qualified research expenses in fewer than three taxable years beginning after December 31, 2012, and before January 1, 2018.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1