19–008 

112TH CONGRESS REPORT " ! HOUSE OF REPRESENTATIVES 2d Session 112–641 

PROVIDING FOR CONSIDERATION OF THE BILL (H.R. 6169) TO PROVIDE 

FOR EXPEDITED CONSIDERATION OF A BILL PROVIDING FOR COMPREHENSIVE TAX REFORM; PROVIDING FOR CONSIDERATION OF THE 

BILL (H.R. 8) TO EXTEND CERTAIN TAX RELIEF PROVISIONS ENACTED IN 

2001 AND 2003, AND FOR OTHER PURPOSES; PROVIDING FOR PROCEEDINGS DURING THE PERIOD FROM AUGUST 3, 2012, THROUGH SEPTEMBER 7, 2012; PROVIDING FOR CONSIDERATION OF MOTIONS TO SUSPEND THE RULES; AND WAIVING A REQUIREMENT OF CLAUSE 6(a) OF 

RULE XIII WITH RESPECT TO CONSIDERATION OF CERTAIN RESOLUTIONS REPORTED FROM THE COMMITTEE ON RULES 

JULY 31, 2012.—Referred to the House Calendar and ordered to be printed. 

Mr. SCOTT of South Carolina, from the Committee on Rules, 

submitted the following 

R E P O R T 

[To accompany H. Res. 747] 

The Committee on Rules, having had under consideration House 

Resolution 747, by a record vote of 8 to 3, report the same to the 

House with the recommendation that the resolution be adopted. 

SUMMARY OF PROVISIONS OF THE RESOLUTION

The resolution provides for consideration of H.R. 6169, the Pathway to Job Creation through a Simpler, Fairer Tax Code Act of 

2012, under a structured rule. The resolution provides one hour of 

debate on the bill equally divided and controlled by the chair and 

ranking minority member of the Committee on Rules and two 

hours of debate on the subject of reforming the Internal Revenue 

Code of 1986 equally divided and controlled by the chair and ranking minority member of the Committee on Ways and Means. The 

resolution waives all points of order against consideration of the 

bill and provides that it shall be considered as read. The resolution 

waives all points of order against provisions in the bill. The resolution makes in order the amendment in the nature of a substitute 

to H.R. 6169 printed in Part A of this report if offered by Representative Slaughter of New York or her designee. The amendment shall be considered as read, shall be debatable for 20 minutes 

equally divided and controlled by the proponent and an opponent, 

shall not be subject to amendment, and shall not be subject to a 

demand for division of the question. The resolution waives all 


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points of order against the amendment printed in part A of this report. The resolution provides one motion to recommit with or without instructions. 

The resolution provides for consideration of H.R. 8, the Job Protection and Recession Prevention Act of 2012, under a structured 

rule. The resolution provides one hour of debate equally divided 

and controlled by the chair and ranking minority member of the 

Committee on Ways and Means. The resolution waives all points 

of order against consideration of the bill and provides that it shall 

be considered as read. The resolution waives all points of order 

against provisions in the bill. The resolution makes in order the 

amendment in the nature of a substitute to H.R. 8 printed in Part 

B of this report if offered by Representative Levin of Michigan or 

his designee. The amendment shall be considered as read, shall be 

debatable for 20 minutes equally divided and controlled by the proponent and an opponent, shall not be subject to amendment, and 

shall not be subject to a demand for division of the question. The 

resolution waives all points of order against the amendment printed in Part B of this report. The resolution provides one motion to 

recommit with or without instructions. 

Section 3 of the resolution provides that on any legislative day 

during the period from August 3, 2012, through September 7, 2012: 

(a) the Journal of the proceedings of the previous day shall be considered as approved; (b) the Chair may adjourn the House to meet 

at a date and time, within the limits of clause 4, section 5, article 

I of the Constitution; and (c) bills and resolutions introduced shall 

be numbered, listed in the Congressional Record, and when printed 

shall bear the date of introduction, but may be referred at a later 

time. 

Section 4 of the resolution provides that the Speaker may appoint Members to perform the duties of the Chair for the duration 

of the period addressed by section 3 as though under clause 8(a) 

of rule I. 

Section 5 of the resolution provides that each day during the period addressed by section 3 shall not constitute a calendar day for 

purposes of section 7 of the War Powers Resolution (50 U.S.C. 

1546). 

Section 6 of the resolution provides that each day during the period addressed by section 3 shall not constitute a legislative day for 

purposes of clause 7 of rule XIII (resolutions of inquiry). 

Section 7 of the resolution provides that for each day during the 

period addressed by section 3 shall not constitute a calendar or legislative day for purposes of clause 7(c)(1) of rule XXII (motions to 

instruct conferees). 

Section 8 of the resolution authorizes the Speaker to entertain 

motions to suspend the rules on the legislative day of August 2, 

2012. 

Finally, section 9 of the resolution waives the requirement of 

clause 6(a) of rule XIII (requiring a two-thirds vote to consider a 

report from the Committee on Rules on the same day it is presented to the House) with respect to any resolution reported 

through the legislative day of August 2, 2012. 


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EXPLANATION OF WAIVERS

Although the resolution waives all points of order against consideration of H.R. 6169, the Committee is not aware of any points of 

order. The waiver is prophylactic in nature. 

Although the resolution waives all points of order against provisions in H.R. 6169, the Committee is not aware of any points of 

order. The waiver is prophylactic in nature. 

Although the resolution waives all points of order against the 

amendment in the nature of a substitute to H.R. 6169, printed in 

part A of this report, the Committee is not aware of any points of 

order. The waiver is prophylactic in nature. 

Although the resolution waives all points of order against consideration of H.R. 8, the Committee is not aware of any points of 

order. The waiver is prophylactic in nature. 

Although the resolution waives all points of order against provisions in H.R. 8, the Committee is not aware of any points of order. 

The waiver is prophylactic in nature. 

The waiver of all points of order against the amendment in the 

nature of a substitute to H.R. 8, printed in part B of this report, 

could include a waiver of Section 311 of the Congressional Budget 

Act, which prohibits consideration of legislation that would cause 

revenues to be less than the level of total revenues for the first fiscal year or for the total of that first fiscal year and the ensuing fiscal years for which allocations are provided, and clause 10 of rule 

XXI, prohibiting the consideration of a bill if it has the net effect 

of increasing mandatory spending over the first five- or ten-year 

period. Section 503(b) of the House passed budget resolution (H. 

Con. Res. 112) contemplates House consideration of specific legislation which would be subject to an adjustment of allocation by the 

Chairman of Committee on the Budget. While the Rules Committee 

has been informed by the Budget Committee that the underlying 

measure meets those requirements and would therefore qualify for 

an adjustment under Section 503, the Budget Committee has indicated that substitute printed in part B of this report may not qualify due to the inclusion of tax credits not contemplated under Section 503. Should the substitute not qualify under section 503, the 

amendment would be in violation of Section 311 of the Budget Act 

and clause 10 of rule XXI, and the waivers would be applicable. 

COMMITTEE VOTES

The results of each record vote on an amendment or motion to 

report, together with the names of those voting for and against, are 

printed below: 

Rules Committee record vote No. 345 

Motion by Mr. McGovern to amend the rule for H.R. 8 to make 

in order and provide the appropriate waivers for amendment #3, offered by Rep. Blumenauer (OR), which would restore estate tax relief in 2013, providing taxable estates an exemption rate of $3.5 

million, a maximum tax rate of 45%, and provide unification of the 

estate and gift taxes and portability of estate tax relief. Defeated: 

3–8. 


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Majority Members Vote Minority Members Vote 

Mr. Sessions ..................................................... Nay Ms. Slaughter .................................................. Yea 

Ms. Foxx ............................................................ Nay Mr. McGovern ................................................... Yea 

Mr. Bishop of Utah .......................................... Nay Mr. Hastings of Florida ................................... Yea 

Mr. Woodall ...................................................... Nay 

Mr. Nugent ....................................................... Nay 

Mr. Scott of South Carolina ............................. Nay 

Mr. Webster ...................................................... Nay 

Mr. Dreier, Chairman ....................................... Nay 

Rules Committee record vote No. 346 

Motion by Mr. Sessions to report the rule. Adopted: 8–3. 

Majority Members Vote Minority Members Vote 

Mr. Sessions ..................................................... Yea Ms. Slaughter .................................................. Nay 

Ms. Foxx ............................................................ Yea Mr. McGovern ................................................... Nay 

Mr. Bishop of Utah .......................................... Yea Mr. Hastings of Florida ................................... Nay 

Mr. Woodall ...................................................... Yea 

Mr. Nugent ....................................................... Yea 

Mr. Scott of South Carolina ............................. Yea 

Mr. Webster ...................................................... Yea 

Mr. Dreier, Chairman ....................................... Yea 

SUMMARY OF THE AMENDMENT TO H.R. 6169 IN PART A MADE IN

ORDER

Slaughter (NY): SUBSTITUTE AMENDMENT. Would lay out 

Democratic principles for tax reform that call for increased revenues to bring down our national debt and invest in economic 

growth; a progressive tax rate structure; protecting the vulnerable; 

repeal of the AMT; discouraging tax haven abuse; elimination of 

tax breaks that ship jobs and profits overseas; promotion of domestic manufacturing; and preserving incentives for education, retirement, healthcare, home ownership, and small business. (20 minutes) 

SUMMARY OF THE AMENDMENT TO H.R. 8 IN PART B MADE IN ORDER

Levin, Sander (MI): SUBSTITUTE AMENDMENT. Would extend 

for one year certain expired or expiring tax provisions that apply 

to middle-income taxpayers with income below $250,000 for married couples filing jointly, and below $200,000 for single filers, including, but not limited to, marginal rate reductions, capital gains 

and dividend rate preferences, alternative minimum tax relief, 

marriage penalty relief, and expanded tax relief for working families with children and college students. (20 minutes) 

PART A—TEXT OF AMENDMENT MADE IN ORDER

Strike all after the enacting clause and insert the following: 

SECTION 1. FINDINGS REGARDING COMPREHENSIVE TAX REFORM. 

Congress finds that— 

(1) legislation to reform the Internal Revenue Code of 1986 

is both necessary and desirable, and 

(2) the House of Representatives and the Senate should 

move quickly under regular order to proceed with a bill 

which— 

(A) identifies revenue sources that in conjunction with 

targeted spending reductions will provide the long-term 


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means to reduce the national debt significantly and make 

investments in national priorities such as infrastructure, 

education, research, and defense that are critical to future 

American competitiveness and job growth, 

(B) adopts a rate structure that distributes the tax burden in a more progressive manner, 

(C) discourages tax avoidance, including tax avoidance 

accomplished using entities or accounts in tax haven jurisdictions, 

(D) preserves and improves those provisions of the Internal Revenue Code of 1986 that support middle class home 

ownership, education, retirement savings, and healthcare, 

(E) repeals the alternative minimum tax (commonly 

known as the AMT), 

(F) retains and improves refundable tax credits that encourage work and education while lifting millions of Americans out of poverty, 

(G) eliminates tax breaks for businesses that move jobs 

and profits overseas in combination with a reduction in tax 

rates for American manufacturers, which are vital to innovation and job growth, and 

(H) preserves and improves incentives for small business 

investment and growth. 

PART B—TEXT OF AMENDMENT MADE IN ORDER

Strike all after the enacting clause and insert the following: 

SECTION 1. SHORT TITLE; ETC. 

(a) SHORT TITLE.—This Act may be cited as the ‘‘Middle Class 

Tax Cut Act’’. 

(b) AMENDMENT OF 1986 CODE.—Except as otherwise expressly 

provided, whenever in this Act an amendment or repeal is expressed in terms of an amendment to, or repeal of, a section or 

other provision, the reference shall be considered to be made to a 

section or other provision of the Internal Revenue Code of 1986. 

(c) TABLE OF CONTENTS.—The table of contents of this Act is as 

follows: 

Sec. 1. Short title; etc. 

TITLE I—TEMPORARY EXTENSION OF TAX RELIEF 

Sec. 101. Temporary extension of 2001 tax relief. 

Sec. 102. Temporary extension of 2003 tax relief. 

Sec. 103. Temporary extension of 2010 tax relief. 

Sec. 104. Temporary extension of election to expense certain depreciable business 

assets. 

TITLE II—ALTERNATIVE MINIMUM TAX RELIEF 

Sec. 201. Temporary extension of increased alternative minimum tax exemption 

amount. 

Sec. 202. Temporary extension of alternative minimum tax relief for nonrefundable 

personal credits. 

TITLE III—TREATMENT FOR PAYGO PURPOSES 

Sec. 301. Treatment for PAYGO purposes. 


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TITLE I—TEMPORARY EXTENSION OF 

TAX RELIEF 

SEC. 101. TEMPORARY EXTENSION OF 2001 TAX RELIEF. 

(a) TEMPORARY EXTENSION.— (1) IN GENERAL.—Section 901(a)(1) of the Economic Growth 

and Tax Relief Reconciliation Act of 2001 is amended by striking ‘‘December 31, 2012’’ and inserting ‘‘December 31, 2013’’. 

(2) EFFECTIVE DATE.—The amendment made by this subsection shall take effect as if included in the enactment of the 

Economic Growth and Tax Relief Reconciliation Act of 2001. 

(b) APPLICATION TO CERTAIN HIGH-INCOME TAXPAYERS.— (1) INCOME TAX RATES.— (A) TREATMENT OF 25- AND 28-PERCENT RATE BRACKETS.— Paragraph (2) of section 1(i) is amended to read as follows: 

‘‘(2) 25- AND 28-PERCENT RATE BRACKETS.—The tables under 

subsections (a), (b), (c), (d), and (e) shall be applied— 

‘‘(A) by substituting ‘25%’ for ‘28%’ each place it appears 

(before the application of subparagraph (B)), and 

‘‘(B) by substituting ‘28%’ for ‘31%’ each place it appears.’’. 

(B) 33-PERCENT RATE BRACKET.—Subsection (i) of section 

1 is amended by redesignating paragraph (3) as paragraph 

(4) and by inserting after paragraph (2) the following new 

paragraph: 

‘‘(3) 33-PERCENT RATE BRACKET.— 

‘‘(A) IN GENERAL.—In the case of taxable years beginning 

after December 31, 2012— 

‘‘(i) the rate of tax under subsections (a), (b), (c), and 

(d) on a taxpayer’s taxable income in the fourth rate 

bracket shall be 33 percent to the extent such income 

does not exceed an amount equal to the excess of— 

‘‘(I) the applicable amount, over 

‘‘(II) the dollar amount at which such bracket 

begins, and 

‘‘(ii) the 36 percent rate of tax under such subsections shall apply only to the taxpayer’s taxable income in such bracket in excess of the amount to which 

clause (i) applies. 

‘‘(B) APPLICABLE AMOUNT.—For purposes of this paragraph, the term ‘applicable amount’ means the excess of— 

‘‘(i) the applicable threshold, over 

‘‘(ii) the sum of the following amounts in effect for 

the taxable year: 

‘‘(I) the basic standard deduction (within the 

meaning of section 63(c)(2)), and 

‘‘(II) the exemption amount (within the meaning 

of section 151(d)(1) (or, in the case of subsection 

(a), 2 such exemption amounts). 

‘‘(C) APPLICABLE THRESHOLD.—For purposes of this paragraph, the term ‘applicable threshold’ means— 

‘‘(i) $250,000 in the case of subsection (a), 

‘‘(ii) $225,000 in the case of subsection (b), 

‘‘(iii) $200,000 in the case of subsections (c), and 


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‘‘(iv) 1⁄2 the amount applicable under clause (i) (after 

adjustment, if any, under subparagraph (E)) in the 

case of subsection (d). 

‘‘(D) FOURTH RATE BRACKET.—For purposes of this paragraph, the term ‘fourth rate bracket’ means the bracket 

which would (determined without regard to this paragraph) be the 36-percent rate bracket. 

‘‘(E) INFLATION ADJUSTMENT.—For purposes of this paragraph, with respect to taxable years beginning in calendar 

years after 2012, each of the dollar amounts under clauses 

(i), (ii), and (iii) of subparagraph (C) shall be adjusted in 

the same manner as under paragraph (1)(C), except that 

subsection (f)(3)(B) shall be applied by substituting ‘2008’ 

for ‘1992’.’’. 

(2) PHASEOUT OF PERSONAL EXEMPTIONS AND ITEMIZED DE- DUCTIONS.— (A) OVERALL LIMITATION ON ITEMIZED DEDUCTIONS.—Section 68 is amended— 

(i) by striking ‘‘the applicable amount’’ the first place 

it appears in subsection (a) and inserting ‘‘the applicable threshold in effect under section 1(i)(3)’’, 

(ii) by striking ‘‘the applicable amount’’ in subsection 

(a)(1) and inserting ‘‘such applicable threshold’’, 

(iii) by striking subsection (b) and redesignating 

subsections (c), (d), and (e) as subsections (b), (c), and 

(d), respectively, and 

(iv) by striking subsections (f) and (g). 

(B) PHASEOUT OF DEDUCTIONS FOR PERSONAL EXEMP- TIONS.— 

(i) IN GENERAL.—Paragraph (3) of section 151(d) is 

amended— 

(I) by striking ‘‘the threshold amount’’ in subparagraphs (A) and (B) and inserting ‘‘the applicable threshold in effect under section 1(i)(3)’’, 

(II) by striking subparagraph (C) and redesignating subparagraph (D) as subparagraph (C), 

and 

(III) by striking subparagraphs (E) and (F). 

(ii) CONFORMING AMENDMENTS.—Paragraph (4) of 

section 151(d) is amended— 

(I) by striking subparagraph (B), 

(II) by redesignating clauses (i) and (ii) of subparagraph (A) as subparagraphs (A) and (B), respectively, and by indenting such subparagraphs 

(as so redesignated) accordingly, and 

(III) by striking all that precedes ‘‘in a calendar 

year after 1989,’’ and inserting the following: 

‘‘(4) INFLATION ADJUSTMENT.—In the case of any taxable year 

beginning’’. 

(c) EFFECTIVE DATE.—Except as otherwise provided, the amendments made by this section shall apply to taxable years beginning 

after December 31, 2012. 

(d) APPLICATION OF EGTRRA SUNSET.—Each amendment made 

by subsection (b) shall be subject to title IX of the Economic 

Growth and Tax Relief Reconciliation Act of 2001 to the same exVerDate Mar 15 2010 04:17 Aug 01, 2012 Jkt 019008 PO 00000 Frm 00007 Fmt 6659 Sfmt 6602 E:\HR\OC\HR641.XXX HR641

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tent and in the same manner as if such amendment was included 

in title I of such Act. 

SEC. 102. TEMPORARY EXTENSION OF 2003 TAX RELIEF. 

(a) EXTENSION.— 

(1) IN GENERAL.—Section 303 of the Jobs and Growth Tax 

Relief Reconciliation Act of 2003 is amended by striking ‘‘December 31, 2012’’ and inserting ‘‘December 31, 2013’’. 

(2) EFFECTIVE DATE.—The amendment made by this subsection shall take effect as if included in the enactment of the 

Jobs and Growth Tax Relief Reconciliation Act of 2003. 

(b) 20-PERCENT CAPITAL GAINS RATE FOR CERTAIN HIGH INCOME

INDIVIDUALS.— 

(1) IN GENERAL.—Paragraph (1) of section 1(h) is amended by 

striking subparagraph (C), by redesignating subparagraphs (D) 

and (E) as subparagraphs (E) and (F) and by inserting after 

subparagraph (B) the following new subparagraphs: 

‘‘(C) 15 percent of the lesser of— 

‘‘(i) so much of the adjusted net capital gain (or, if 

less, taxable income) as exceeds the amount on which 

a tax is determined under subparagraph (B), or 

‘‘(ii) the excess (if any) of— 

‘‘(I) the amount of taxable income which would 

(without regard to this paragraph) be taxed at a 

rate below 36 percent, over 

‘‘(II) the sum of the amounts on which a tax is 

determined under subparagraphs (A) and (B), 

‘‘(D) 20 percent of the adjusted net capital gain (or, if 

less, taxable income) in excess of the sum of the amounts 

on which tax is determined under subparagraphs (B) and 

(C),’’. 

(2) MINIMUM TAX.—Section 55 is amended by adding at the 

end the following new subsection: 

‘‘(f) 20-PERCENT CAPITAL GAINS RATE FOR CERTAIN HIGH INCOME

INDIVIDUALS.— 

‘‘(1) IN GENERAL.—In the case of any individual, if the taxpayer’s taxable income for the taxable year exceeds the applicable amount determined under section 1(i) with respect to 

such taxpayer for such taxable year, the amount determined 

under paragraph (2) shall be substituted for the amount determined under subsection (b)(3)(C) for purposes of determining 

the taxpayer’s tentative minimum tax for such taxable year. 

‘‘(2) DETERMINATION OF 20-PERCENT CAPITAL GAINS RATE.— 

The amount determined under this paragraph is the sum of— 

‘‘(A) 15 percent of the lesser of— 

‘‘(i) so much of the adjusted net capital gain (or, if 

less, taxable excess) as exceeds the amount on which 

tax is determined under subsection (b)(3)(B), or 

‘‘(ii) the excess described in section 1(h)(1)(C)(ii), 

plus 

‘‘(B) 20 percent of the adjusted net capital gain (or, if 

less, taxable excess) in excess of the sum of the amounts 

on which tax is determined under subparagraph (A) and 

subsection (b)(3)(B).’’. 

(c) CONFORMING AMENDMENTS.— 


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(1) The following provisions are each amended by striking 

‘‘15 percent’’ and inserting ‘‘20 percent’’: 

(A) Section 531. 

(B) Section 541. 

(C) Section 1445(e)(1). 

(D) The second sentence of section 7518(g)(6)(A). 

(E) Section 53511(f)(2) of title 46, United States Code. 

(2) Section 1445(e)(6) is amended by striking ‘‘15 percent (20 

percent in the case of taxable years beginning after December 

31, 2010)’’ and inserting ‘‘20 percent’’. 

(d) EFFECTIVE DATES.— 

(1) IN GENERAL.—Except as otherwise provided, the amendments made by subsections (b) and (c) shall apply to taxable 

years beginning after December 31, 2012. 

(2) WITHHOLDING.—The amendments made by paragraphs 

(1)(C) and (2) of subsection (c) shall apply to amounts paid on 

or after January 1, 2013. 

(e) APPLICATION OF JGTRRA SUNSET.—Each amendment made 

by subsections (b) and (c) shall be subject to section 303 of the Jobs 

and Growth Tax Relief Reconciliation Act of 2003 to the same extent and in the same manner as if such amendment was included 

in title III of such Act. 

SEC. 103. TEMPORARY EXTENSION OF 2010 TAX RELIEF. 

(a) AMERICAN OPPORTUNITY TAX CREDIT.— 

(1) IN GENERAL.—Section 25A(i) is amended by striking ‘‘or 

2012’’ and inserting ‘‘2012, or 2013’’. 

(2) TREATMENT OF POSSESSIONS.—Section 1004(c)(1) of division B of the American Recovery and Reinvestment Tax Act of 

2009 is amended by striking ‘‘and 2012’’ each place it appears 

and inserting ‘‘2012, and 2013’’. 

(b) CHILD TAX CREDIT.—Section 24(d)(4) is amended— 

(1) by striking ‘‘AND 2012’’ in the heading and inserting 

‘‘2012, AND 2013’’, and 

(2) by striking ‘‘or 2012’’ and inserting ‘‘2012, or 2013’’. 

(c) EARNED INCOME TAX CREDIT.—Section 32(b)(3) is amended— 

(1) by striking ‘‘AND 2012’’ in the heading and inserting 

‘‘2012, AND 2013’’, and 

(2) by striking ‘‘or 2012’’ and inserting ‘‘2012, or 2013’’. 

(d) TEMPORARY EXTENSION OF RULE DISREGARDING REFUNDS IN

THE ADMINISTRATION OF FEDERAL PROGRAMS AND FEDERALLY ASSISTED PROGRAMS.—Subsection (b) of section 6409 is amended by 

striking ‘‘December 31, 2012’’ and inserting ‘‘December 31, 2013’’. 

(e) EFFECTIVE DATES.— 

(1) IN GENERAL.—Except as provided in paragraph (2), the 

amendments made by this section shall apply to taxable years 

beginning after December 31, 2012. 

(2) RULE DISREGARDING REFUNDS IN THE ADMINISTRATION OF

CERTAIN PROGRAMS.—The amendment made by subsection (d) 

shall apply to amounts received after December 31, 2012. 

SEC. 104. TEMPORARY EXTENSION OF ELECTION TO EXPENSE CERTAIN DEPRECIABLE BUSINESS ASSETS. 

(a) IN GENERAL.— (1) DOLLAR LIMITATION.—Section 179(b)(1) is amended— 

(A) by striking ‘‘and’’ at the end of subparagraph (C), 


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(B) by redesignating subparagraph (D) as subparagraph 

(E), 

(C) by inserting after subparagraph (C) the following 

new subparagraph: 

‘‘(D) $250,000 in the case of taxable years beginning in 

2013, and’’, and 

(D) in subparagraph (E), as so redesignated, by striking 

‘‘2012’’ and inserting ‘‘2013’’. 

(2) REDUCTION IN LIMITATION.—Section 179(b)(2) is amended— 

(A) by striking ‘‘and’’ at the end of subparagraph (C), 

(B) by redesignating subparagraph (D) as subparagraph 

(E), 

(C) by inserting after subparagraph (C) the following 

new subparagraph: 

‘‘(D) $800,000 in the case of taxable years beginning in 

2013, and’’, and 

(D) in subparagraph (E), as so redesignated, by striking 

‘‘2012’’ and inserting ‘‘2013’’. 

(b) COMPUTER SOFTWARE.—Section 179(d)(1)(A)(ii) is amended by 

striking ‘‘2013’’ and inserting ‘‘2014’’. 

(c) ELECTION.—Section 179(c)(2) is amended by striking ‘‘2013’’ 

and inserting ‘‘2014’’. 

(d) EFFECTIVE DATE.—The amendments made by this section 

shall apply to taxable years beginning after December 31, 2012. 

TITLE II—ALTERNATIVE MINIMUM TAX 

RELIEF 

SEC. 201. TEMPORARY EXTENSION OF INCREASED ALTERNATIVE MINIMUM TAX EXEMPTION AMOUNT. 

(a) IN GENERAL.—Paragraph (1) of section 55(d) is amended— 

(1) by striking ‘‘$72,450’’ and all that follows through ‘‘2011’’ 

in subparagraph (A) and inserting ‘‘$78,750 in the case of taxable years beginning in 2012’’, and 

(2) by striking ‘‘$47,450’’ and all that follows through ‘‘2011’’ 

in subparagraph (B) and inserting ‘‘$50,600 in the case of taxable years beginning in 2012’’. 

(b) EFFECTIVE DATE.—The amendments made by this section 

shall apply to taxable years beginning after December 31, 2011. 

SEC. 202. TEMPORARY EXTENSION OF ALTERNATIVE MINIMUM TAX 

RELIEF FOR NONREFUNDABLE PERSONAL CREDITS. 

(a) IN GENERAL.—Paragraph (2) of section 26(a) is amended— 

(1) by striking ‘‘or 2011’’ and inserting ‘‘2011, or 2012’’, and 

(2) by striking ‘‘2011’’ in the heading thereof and inserting 

‘‘2012’’. 

(b) EFFECTIVE DATE.—The amendments made by this section 

shall apply to taxable years beginning after December 31, 2011. 


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TITLE III—TREATMENT FOR PAYGO 

PURPOSES 

SEC. 301. TREATMENT FOR PAYGO PURPOSES. 

The budgetary effects of this Act shall not be entered on either 

PAYGO scorecard maintained pursuant to section 4(d) of the Statutory Pay-As-You-Go Act of 2010. 

Æ 


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