HR 6206
112th Congress
House
Taxation
Floods and storm protection
Income tax credits
Income tax deductions
Oil and gas
Securities
State and local finance
Build America Bonds Act of 2012
Introduced: July 26, 2012
Introduced by:
Neal, Richard E.
Democratic
· Massachusetts
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 26, 2012
Referred to the House Committee on Ways and Means.
Jul 26, 2012
Introduced in House
Plain-English summary
Build America Bonds Act of 2012 - Amends the Internal Revenue Code to: (1) make permanent the issuance authority for Build America Bonds and the authority for payments to issuers of such bonds; (2) make phased reductions in the credit percentage to bondholders and the percentage of payments to issuers of such bonds; (3) allow refundings of currently issued bonds; (4) allow the use of Build America bonds to fund capital expenditures for levees and flood control projects; and (5) deny a tax deduction to major integrated oil companies for income attributable to the production, refining, processing, transportation, or distribution of oil, gas, or any primary product thereof.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1