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S 2050 112th Congress Senate Taxation Accounting and auditing Business investment and capital Capital gains tax Computers and information technology Contracts and agency Employee benefits and pensions Employment taxes Health care costs and insurance Income tax credits Income tax deductions Income tax exclusion Inflation and prices Securities Self-employed Small business Tax administration and collection, taxpayers

Small Business Tax Extenders Act of 2012

Introduced: January 31, 2012 See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 31, 2012
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S211-212)
Jan 31, 2012
Sponsor introductory remarks on measure. (CR S210-211)
Jan 31, 2012
Introduced in Senate
 Plain-English summary Congressional Research Service

Small Business Tax Extenders Act of 2012 - Amends the Internal Revenue Code to extend through 2012: (1) the 100% exclusion from gross income of gain from the sale or exchange of certain small business stock; (2) the five-year carryback of the general business tax credits of eligible small businesses; (3) the offset against the alternative minimum tax (AMT) of general business tax credits; (4) the reduction (from seven to five years) in the recognition period for the built-in gains of S corporations; (5) the increased expensing allowance for depreciable business assets, including computer software; (6) the special tax rule for long-term contract accounting; (7) the increased tax deduction for small business start-up expenditures; and (8) the tax deduction for health insurance premiums in computing self-employment taxable income.

What's happening now January 31, 2012

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S211-212)

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 2