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HR 6262 112th Congress House Taxation Higher education Income tax credits Income tax deductions Income tax exclusion Income tax rates Poverty and welfare assistance Small business Student aid and college costs Tax treatment of families Transfer and inheritance taxes

Middle Class and Small Business Tax Relief Act of 2012

Introduced: August 1, 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
Aug 1, 2012
Referred to the House Committee on Ways and Means.
Aug 1, 2012
Introduced in House
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 Plain-English summary Congressional Research Service

Middle Class and Small Business Tax Relief Act of 2012 - Makes provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) permanent for taxpayers whose adjusted gross incomes do not exceed a specified base amount (i.e., $200,000 for individual taxpayers and $250,000 for married couples filing jointly). Revises income tax rates to increase to 39.6% the maximum income tax rate for taxpayers whose incomes exceed the base amount.

Makes provisions of the Jobs and Growth Tax Relief Reconciliation Act of 2003 that reduce the tax rate on dividend and capital gains income for taxpayers whose incomes do not exceed the base amount permanent. Increases to 20% the tax rate on dividend and capital gains income for taxpayers whose incomes are  above the base amount.

Amends the Internal Revenue Code to extend for an additional year: (1) the increased Hope Scholarship tax credit (designated as the American Opportunity Tax Credit), (2) the increase in the refundable portion of the child tax credit, (3) the increased percentage of the earned income tax credit for taxpayers with three or more qualifying children, (4) the disregard of tax refunds for purposes of determining eligibility for certain means tested federal programs, (5) the increased exemption from the alternative minimum tax (AMT) for individual taxpayers, and (6) the offset against the AMT for certain nonrefundable personal tax credits.

Extends until December 31, 2013, the estate, gift, and generation-skipping transfer provisions of EGTRRA.

What's happening now August 1, 2012

Referred to the House Committee on Ways and Means.

 Related & companion bills 6
  • HR 15 Related bill Middle Class Tax Cut Act
  • HR 2710 Related bill Fair and Impartial Reform Tax Act of 2011
  • HR 6100 Related bill Middle Class Tax Cut Protection Act of 2012
  • HR 6104 Related bill Working Families Tax Protection Act of 2012
  • S 3393 Related bill Middle Class Tax Cut Act
  • S 3412 Related bill Middle Class Tax Cut Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1
BOSWELL, LEONARD
· Aug 1, 2012
 D
Garamendi, John
California · Aug 1, 2012
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 6262: Middle Class and Small Business Tax Relief Act of 2012. 112th Congress. Open America. https://openamerica.io/bill/112-HR-6262/
MLA
"H.R. 6262: Middle Class and Small Business Tax Relief Act of 2012." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-HR-6262/.
Bluebook (legal)
H.R. 6262, 112th Cong. (2026), https://openamerica.io/bill/112-HR-6262/.
Markdown link
[H.R. 6262: Middle Class and Small Business Tax Relief Act of 2012](https://openamerica.io/bill/112-HR-6262/)
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