H.R. 5974 (112th): Invest in America Now Act of 2012

Jun 20, 2012 (112th Congress, 2011–2013)
Died (Referred to Committee)
Sander Levin
Representative for Michigan's 12th congressional district
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Last Updated
Jun 20, 2012
11 pages
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This bill was introduced on June 20, 2012, in a previous session of Congress, but was not enacted.

Introduced Jun 20, 2012
Referred to Committee Jun 20, 2012
Full Title

To amend the Internal Revenue Code of 1986 to extend bonus depreciation, and for other purposes.


No summaries available.

Primary Source

THOMAS.gov (The Library of Congress)

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H.R. stands for House of Representatives bill.

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The bill’s title was written by its sponsor.

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.

Invest in America Now Act of 2012 - Amends the Internal Revenue Code to:
(1) extend through 2012 the 100% bonus depreciation allowance for business assets;
(2) increase 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; and
(3) deny major integrated oil companies a tax deduction for income attributable to the domestic production, transportation, or distribution of oil, natural gas, and primary products thereof.

House Republican Conference Summary

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House Democratic Caucus Summary

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