H.R. 6102 (112th): America’s Small Business Tax Relief Act of 2012

Jul 11, 2012 (112th Congress, 2011–2013)
Died (Referred to Committee)
Jim Gerlach
Representative for Pennsylvania's 6th congressional district
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Last Updated
Jul 11, 2012
7 pages
Related Bills
H.R. 886 (113th) was a re-introduction of this bill in a later Congress.

Referred to Committee
Last Action: Feb 28, 2013


This bill was introduced on July 11, 2012, in a previous session of Congress, but was not enacted.

Introduced Jul 11, 2012
Referred to Committee Jul 11, 2012
Full Title

To amend the Internal Revenue Code of 1986 to provide tax relief for small businesses, and for other purposes.


No summaries available.

2 cosponsors (1D, 1R) (show)

House Ways and Means

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Primary Source

THOMAS.gov (The Library of Congress)

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H.R. stands for House of Representatives bill.

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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.

America's Small Business Tax Relief Act of 2012 - Amends the Internal Revenue Code to make permanent:
(1) the 100% exclusion from gross income of gain from the sale of certain small business stock,
(2) carrybacks and alternative minimum tax rules relating to small business tax credits,
(3) the reduction in the recognition period for the built-in gains from the sale of S corporation stock,
(4) the increased limitation for the expensing of depreciable business assets,
(5) the use of the percentage of completion accounting method for long-term contracts,
(6) the increased tax deduction for business start-up expenditures, and
(7) the allowance of a deduction for health insurance premiums in computing net earnings from self-employment income.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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