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S. 3413 112th Congress Senate

Tax Hike Prevention Act of 2012

Official title: A bill to amend the Internal Revenue Code of 1986 to temporarily extend tax relief provisions enacted in 2001 and 2003, to provide for temporary alternative mi… Show full official titleShow less

Official title: A bill to amend the Internal Revenue Code of 1986 to temporarily extend tax relief provisions enacted in 2001 and 2003, to provide for temporary alternative minimum tax relief, to extend increased expensing limitations, and to provide instructions for tax reform.

Introduced: July 19, 2012 See on congress.gov
Taxation Business investment and capitalEconomic performance and conditionsIncome tax creditsIncome tax deductions
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Income tax ratesTax reform and tax simplificationU.S. territories and protectorates
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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
Jul 19, 2012
Introduced in the Senate. Read twice. Ordered Placed on Senate Legislative Calendar under General Orders. Calendar No. 468.
Jul 19, 2012
Introduced in Senate
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 Latest action July 19, 2012

Introduced in the Senate. Read twice. Ordered Placed on Senate Legislative Calendar under General Orders. Calendar No. 468.

 Plain-English summary Congressional Research Service

Tax Hike Prevention Act of 2012 - Extends through 2013: (1) the Economic Growth and Tax Relief Reconciliation Act of 2001, and (2) the reduction in the tax rates for dividend and capital gain income enacted by the Jobs and Growth Tax Relief Reconciliation Act of 2003.

Amends the Internal Revenue Code to extend for an additional two years: (1) the increased exemption amount for the alternative minimum tax (AMT); (2) the offset against the AMT for certain nonrefundable personal tax credits; and (3) the increased expensing allowance for depreciable business assets, including computer software.

Directs the Senate Committee on Finance to report tax reform legislation not later than 12 months after the enactment of this Act.

 Related & companion bills 3
  • HR 8 American Taxpayer Relief Act of 2012
  • S 3401 Tax Relief Act of 2012
  • S 3417 Tax Hike Prevention Act of 2012
 Bill text 1 version

Source documents hosted by congress.gov.

 Cosponsors 1
All 1 Republican 1
R
McConnell, Mitch
Kentucky · Jul 19, 2012
Cite this page click to expand
APA
U.S. Congress. (2026). S. 3413: Tax Hike Prevention Act of 2012. 112th Congress. Open America. https://openamerica.io/bill/112-S-3413/
MLA
"S. 3413: Tax Hike Prevention Act of 2012." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-S-3413/.
Bluebook (legal)
S. 3413, 112th Cong. (2026), https://openamerica.io/bill/112-S-3413/.
Markdown link
[S. 3413: Tax Hike Prevention Act of 2012](https://openamerica.io/bill/112-S-3413/)
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