Small Business Jobs and Tax Relief Act

Bill: 112-s-2237
Sponsor: Sen. Reid, Harry [D-NV]
Introduced: 2012-03-26 in the Senate
Policy area: Taxation
Subjects: Business investment and capital
Employee hiring
Income tax credits
Income tax deductions
U.S. territories and protectorates
Wages and earnings

Summary:
action_date: 2012-03-26
text: 
Small Business Jobs and Tax Relief Act - Amends the Internal Revenue Code to allow certain employers a tax credit for 10% of the excess (if any) of: (1) the wages and compensation paid to their employees in 2012; over (2) the amount of such wages paid in 2011, up to a maximum amount of $5 million. Extends for one year the 100% bonus depreciation allowance for business assets. Increases the amount of alternative minimum tax (AMT) credits that corporate taxpayers may elect to accelerate in a taxable year in lieu of claiming bonus depreciation.


Legislative actions:
action_date: 2012-07-12
text: Returned to the Calendar. Calendar No. 341.
action_date: 2012-07-12
text: Cloture on the measure not invoked in Senate by Yea-Nay Vote. 53 - 44. Record Vote Number: 177. (consideration: CR S4938; text: CR S4938)
action_date: 2012-07-12
text: Considered by Senate. (consideration: CR S4932-4938)
action_date: 2012-07-11
text: Cloture motion on the measure presented in Senate. (consideration: CR S4885; text: CR S4885)
action_date: 2012-07-11
text: Motion by Senator Reid to commit to Senate Committee on Finance with instructions to report back forthwith with amendment SA 2526 made in Senate. (consideration: CR S4885; text: CR S4885)
action_date: 2012-07-11
text: Measure laid before Senate by motion. (consideration: CR S4835-4885)
action_date: 2012-07-11
text: Motion to proceed to consideration of measure agreed to in Senate by Unanimous Consent.
action_date: 2012-07-10
text: Cloture on the motion to proceed to the measure invoked in Senate by Yea-Nay Vote. 80 - 14. Record Vote Number: 174. (consideration: CR S4804; text: S4804)
action_date: 2012-07-10
text: Motion to proceed to consideration of measure made in Senate. (consideration: CR S4793-4800, S4804-4815)
action_date: 2012-07-09
text: Motion to proceed to consideration of measure made in Senate. (consideration: CR S4783-4786)
action_date: 2012-06-29
text: Cloture motion on the motion to proceed to the measure presented in Senate. (consideration: CR S4765; text: CR S4765)
action_date: 2012-06-29
text: Motion to proceed to consideration of measure made in Senate. (consideration: CR S4731-4733, S4735-4764, S4765)
action_date: 2012-06-28
text: Motion to proceed to consideration of measure made in Senate. (consideration: CR S4689; text: CR S4689)
action_date: 2012-06-27
text: Motion to proceed to consideration of measure made in Senate. (consideration: CR S4645-4668)
action_date: 2012-06-26
text: Motion to proceed to consideration of measure made in Senate. (consideration: CR S4627-4631; text: CR S4627)
action_date: 2012-06-25
text: Motion to proceed to consideration of measure made in Senate. (consideration: CR S4448)
action_date: 2012-03-27
text: Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 341.
action_date: 2012-03-26
text: Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time. (text of measure as introduced: CR S2032-2033)
action_date: 2012-03-26
text: Introduced in Senate