I 
112TH CONGRESS 
2D SESSION 
H. R. 8 
To extend certain tax relief provisions enacted in 2001 and 2003, and for 
other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JULY 24, 2012 
Mr. CAMP (for himself, Mr. HERGER, Mr. SAM JOHNSON of Texas, Mr. 
BRADY of Texas, Mr. RYAN of Wisconsin, Mr. DAVIS of Kentucky, Mr. 
REICHERT, Mr. BOUSTANY, Mr. ROSKAM, Mr. GERLACH, Mr. PRICE of 
Georgia, Mr. BUCHANAN, Mr. SCHOCK, Ms. JENKINS, Mr. BERG, Mrs. 
BLACK, Mr. REED, Mr. TIBERI, Mr. NUNES, Mr. SMITH of Nebraska, 
Mr. PAULSEN, Mr. MARCHANT, and Mr. DOLD) introduced the following 
bill; which was referred to the Committee on Ways and Means, and in 
addition to the Committee on the Budget, for a period to be subsequently 
determined by the Speaker, in each case for consideration of such provi-
sions as fall within the jurisdiction of the committee concerned 
A BILL 
To extend certain tax relief provisions enacted in 2001 and 
2003, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Job Protection and 
Recession Prevention Act of 2012’’. 
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SEC. 2. EXTENSION OF 2001 AND 2003 TAX RELIEF. 
(a) EXTENSION OF 2001 TAX RELIEF.— 
(1) IN GENERAL.—Section 901 of the Economic 
Growth and Tax Relief Reconciliation Act of 2001 is 
amended by striking ‘‘December 31, 2012’’ both 
places it appears and inserting ‘‘December 31, 
2013’’. 
(2) EFFECTIVE DATE.—The amendments made 
by this section shall take effect as if included in the 
enactment of the Economic Growth and Tax Relief 
Reconciliation Act of 2001. 
(b) EXTENSION OF 2003 TAX RELIEF.— 
(1) IN GENERAL.—Section 303 of the Jobs and 
Growth Tax Relief Reconciliation Act of 2003 is 
amended by striking ‘‘December 31, 2012’’ and in-
serting ‘‘December 31, 2013’’. 
(2) EFFECTIVE DATE.—The amendment made 
by this section shall take effect as if included in the 
enactment of the Jobs and Growth Tax Relief Rec-
onciliation Act of 2003. 
SEC. 3. EXTENSION OF INCREASED SMALL BUSINESS EX-
PENSING. 
(a) DOLLAR LIMITATION.—Section 179(b)(1) of the 
Internal Revenue Code of 1986 is amended— 
(1) by striking ‘‘and’’ at the end of subpara-
graph (C), by redesignating subparagraph (D) as 
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subparagraph (E), and by inserting after subpara-
graph (C) the following new subparagraph: 
‘‘(D) $100,000 in the case of taxable years 
beginning in 2013, and’’, and 
(2) by striking ‘‘2012’’ in subparagraph (E) (as 
redesignated by paragraph (1)) and inserting 
‘‘2013’’. 
(b) REDUCTION IN LIMITATION.—Section 179(b)(2) 
of such Code is amended— 
(1) by striking ‘‘and’’ at the end of subpara-
graph (C), by redesignating subparagraph (D) as 
subparagraph (E), and by inserting after subpara-
graph (C) the following new subparagraph: 
‘‘(D) $400,000 in the case of taxable years 
beginning in 2013, and’’, and 
(2) by striking ‘‘2012’’ in subparagraph (E) (as 
redesignated by paragraph (1)) and inserting 
‘‘2013’’. 
(c) APPLICATION
OF INFLATION ADJUSTMENT.— 
Section 179(b)(6)(A) of such Code is amended— 
(1) by striking ‘‘calendar year 2012, the 
$125,000 and $500,000 amounts in paragraphs 
(1)(C) and (2)(C)’’ in the matter preceding clause 
(i) and inserting ‘‘calendar year 2013, the $100,000 
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and $400,000 amounts in paragraphs (1)(D) and 
(2)(D)’’, and 
(2) by striking ‘‘calendar year 2006’’ in clause 
(ii) and inserting ‘‘calendar year 2002’’. 
(d) 
COMPUTER
SOFTWARE.—Section 
179(d)(1)(A)(ii) of such Code is amended by striking 
‘‘2013’’ and inserting ‘‘2014’’. 
(e) SPECIAL RULE
FOR REVOCATION
OF ELEC-
TIONS.—Section 179(c)(2) of such Code is amended by 
striking ‘‘2013’’ and inserting ‘‘2014’’. 
(f) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
December 31, 2012. 
SEC. 4. EXTENSION OF ALTERNATIVE MINIMUM TAX RE-
LIEF FOR INDIVIDUALS. 
(a) EXTENSION OF INCREASED ALTERNATIVE MIN-
IMUM TAX EXEMPTION AMOUNT.—Section 55(d)(1) of 
the Internal Revenue Code of 1986 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 $79,850 in the case of taxable years be-
ginning in 2013’’, and 
(2) by striking ‘‘$47,450’’ and all that follows 
through ‘‘2011’’ in subparagraph (B) and inserting 
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