H.R. 6206 (112th): Build America Bonds Act of 2012

Introduced:
Jul 26, 2012 (112th Congress, 2011–2013)
Sponsor:
Rep. Richard Neal [D-MA2]
Status:
Died (Referred to Committee)
See Instead:
This bill was re-introduced as H.R. 789 on Feb 15, 2013. See H.R. 789 for current action on this subject.

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 26, 2012, in a previous session of Congress, but was not enacted.

Progress
Introduced Jul 26, 2012
Referred to Committee Jul 26, 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 permanently extend the tax treatment for certain build America bonds, and for other purposes.

Summary

No summaries available.

Text

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Last updated Jul 26, 2012.
6 pages

Primary Source

View on THOMAS (The Library of Congress)

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Citation

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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.

7/26/2012--Introduced.
Build America Bonds Act of 2012 - Amends the Internal Revenue Code to:
(1) make permanent the issuance authority for Build America Bonds and the authority for payments to issuers of such bonds;
(2) make phased reductions in the credit percentage to bondholders and the percentage of payments to issuers of such bonds;
(3) allow refundings of currently issued bonds;
(4) allow the use of Build America bonds to fund capital expenditures for levees and flood control projects; and
(5) deny a tax deduction to major integrated oil companies for income attributable to the production, refining, processing, transportation, or distribution of oil, gas, or any primary product thereof.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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