S 2237 in Congressional Session 112

Official Summary

 

Bill Number : S 2237

 

Title : Small Business Jobs and Tax Relief Act

 

SUMMARY AS OF:
3/26/2012--Introduced. Small Business Jobs and Tax Relief Act - Amends the Internal Revenue Code to allow certain employers a tax credit for 10% of the excess (if any) of: (1) the wages and compensation paid to their employees in 2012; over (2) the amount of such wages paid in 2011, up to a maximum amount of $5 million. Extends for one year the 100% bonus depreciation allowance for business assets. Increases 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.

Votes

Title : Small Business Jobs and Tax Relief Act
Votes in the US Senate
Roll NumberVote DateQuestionDescriptionVote Result
1742012-07-10On Cloture on the Motion to ProceedMotion to Invoke Cloture on the Motion to Proceed to S. 2237; A bill to provide a temporary income tax credit for increased payroll and extend bonus depreciation for an additional year, and for other purposes.A
1772012-07-12On the Cloture MotionMotion to Invoke Cloture on S. 2237; A bill to provide a temporary income tax credit for increased payroll and extend bonus depreciation for an additional year, and for other purposes.R
1762012-07-12On the Cloture Motion S.Amdt. 2521Motion to Invoke Cloture Re: Landrieu Amdt. No. 2521; In the nature of a substitute.R
1752012-07-12On the Motion to Table S.Amdt. 2524Motion to Table Reid Amdt. No. 2524; Of a perfecting nature.A
Votes in the US House
This Bill was not Voted in the US House

Sponsors

 
Congressional Sponsors of S 2237
 
Bill Number : S 2237
Title : Small Business Jobs and Tax Relief Act
Sponsor: Sen Reid, Harry [NV] (introduced 3/26/2012)      
ALPHABETICAL [followed by Cosponsors withdrawn]:     (Sort: by date)Sen Blumenthal, Richard [CT] - 5/9/2012 Sen Casey, Robert P., Jr. [PA] - 4/25/2012 Sen Durbin, Richard [IL] - 4/25/2012 Sen Landrieu, Mary L. [LA] - 4/25/2012 Sen Schumer, Charles E. [NY] - 4/17/2012 Sen Whitehouse, Sheldon [RI] - 4/26/2012

Other Info

Bill Number : S 2237
Title : Small Business Jobs and Tax Relief Act
 
MAJOR ACTIONS:
***NONE***
 
ALL ACTIONS:
 
3/26/2012:Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time. (text of measure as introduced: CR S2032-2033)
 
3/27/2012:Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 341.