H.R. 6030 (112th): Hire Now Act of 2012

Jun 27, 2012 (112th Congress, 2011–2013)
Died (Referred to Committee)
Sander Levin
Representative for Michigan's 12th congressional district
Read Text »
Last Updated
Jun 27, 2012
11 pages
Related Bills
S. 2237 (identical)

Reported by Committee
Last Action: Mar 27, 2012


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

Introduced Jun 27, 2012
Referred to Committee Jun 27, 2012
Full Title

To provide a temporary tax credit for increased payroll, to eliminate certain tax benefits for major integrated oil companies, 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.

Hire Now Act of 2012 - Amends the Internal Revenue Code to: (1) allow certain employers a tax credit for 10% of the excess (if any) of the wages and compensation paid to their employees in 2012 over the amount of such wages paid in 2011, up to a maximum amount of $5 million; (2) prohibit major integrated oil companies from using the last-in, first-out (LIFO) accounting method; and (3) deny major integrated oil companies a tax deduction for intangible drilling and development costs.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.

No summary available.

House Democratic Caucus Summary

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