H.R. 6031 (112th): Wind Powering American Jobs Act of 2012

Introduced:
Jun 27, 2012 (112th Congress, 2011–2013)
Sponsor:
Rep. Earl Blumenauer [D-OR3]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on June 27, 2012, in a previous session of Congress, but was not enacted.

Progress
Introduced Jun 27, 2012
Referred to Committee Jun 27, 2012
Cosponsors
14 cosponsors (14D) (show)
Committees

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

Full Title

To amend the Internal Revenue Code of 1986 to extend the production and investment tax credits for wind facilities and to modify the foreign tax credit rules applicable to major integrated oil companies which are dual capacity taxpayers.

Summary

No summaries available.

Text

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Last updated Jun 27, 2012.
5 pages

Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

6/27/2012--Introduced.
Wind Powering American Jobs Act of 2012 - Amends the Internal Revenue Code to:
(1) extend through 2013 the tax credit for the production of electricity from wind facilities and the energy tax credit for investment in wind facilities, and
(2) limit the foreign tax credit and tax deferrals for amounts paid or accrued by a major integrated oil company that is a dual capacity taxpayer.
Defines "dual capacity taxpayer" as a person who is subject to a levy of a foreign country or U.S. possession and receives (or will receive) directly or indirectly a specific economic benefit from such county or possession.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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