H.R.6031 - Wind Powering American Jobs Act of 2012

To amend the Internal Revenue Code of 1986 to extend the production and investment tax credits for wind facilities and to modify the foreign tax credit rules applicable to major integrated oil companies which are dual capacity taxpayers. view all titles (2)

All Bill Titles

  • Official: To amend the Internal Revenue Code of 1986 to extend the production and investment tax credits for wind facilities and to modify the foreign tax credit rules applicable to major integrated oil companies which are dual capacity taxpayers. as introduced.
  • Short: Wind Powering American Jobs Act of 2012 as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
06/27/12
 
 
 
 
 
 
 

Sponsor

Representative

Earl Blumenauer

D-OR

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Official Summary

Wind Powering American Jobs Act of 2012 - Amends the Internal Revenue Code to: (1) extend through 2013 the tax credit for the production of electricity from wind facilities and the energy tax credit for investment in wind facilities, and (2) limit the foreign tax credit and tax deferrals fo

Official Summary

Wind Powering American Jobs Act of 2012 - Amends the Internal Revenue Code to:
(1) extend through 2013 the tax credit for the production of electricity from wind facilities and the energy tax credit for investment in wind facilities, and
(2) limit the foreign tax credit and tax deferrals for amounts paid or accrued by a major integrated oil company that is a dual capacity taxpayer. Defines \"dual capacity taxpayer\" as a person who is subject to a levy of a foreign country or U.S. possession and receives (or will receive) directly or indirectly a specific economic benefit from such county or possession.

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