H.R. 6182 (112th): American Advanced Energy Manufacturing Jobs Act of 2012

Introduced:
Jul 25, 2012 (112th Congress, 2011–2013)
Sponsor:
Rep. Mike Thompson [D-CA1]
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 July 25, 2012, in a previous session of Congress, but was not enacted.

Progress
Introduced Jul 25, 2012
Referred to Committee Jul 25, 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 and expand the credit for qualifying advanced energy projects, and for other purposes.

Summary

No summaries available.

Text

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Last updated Jul 25, 2012.
10 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.

7/25/2012--Introduced.
American Advanced Energy Manufacturing Jobs Act of 2012 - Amends the Internal Revenue Code, with respect to the tax credit for the qualifying advanced energy project program, to:
(1) allow, through December 31, 2016, an additional credit amount for the cost of manufacturing equipment that uses solar energy to generate electricity, fuel cell power plants, and systems for the electro-chemical storage of electricity; and
(2) increase for 2012 the amount of credits that may be allocated under such program.
Provides for an offset against such increased credit by denying to any major integrated oil company:
(1) a foreign tax credit if such company receives a tax preference from a foreign jurisdiction that does not impose a generally applicable income tax, and
(2) a tax deduction for intangible drilling and development costs.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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