H.R.6182 - American Advanced Energy Manufacturing Jobs Act of 2012

To amend the Internal Revenue Code of 1986 to extend and expand the credit for qualifying advanced energy projects, and for other purposes. view all titles (2)

All Bill Titles

  • Official: To amend the Internal Revenue Code of 1986 to extend and expand the credit for qualifying advanced energy projects, and for other purposes. as introduced.
  • Short: American Advanced Energy Manufacturing Jobs Act of 2012 as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
07/25/12
 
 
 
 
 
 
 

Sponsor

Representative

Mike Thompson

D-CA

View Co-Sponsors (14)

Official Summary

American Advanced Energy Manufacturing Jobs Act of 2012 - Amends the Internal Revenue Code, with respect to the tax credit for the qualifying advanced energy project program, to: (1) allow, through December 31, 2016, an additional credit amount for the cost of manufacturing equipment that u

Official Summary

American Advanced Energy Manufacturing Jobs Act of 2012 - Amends the Internal Revenue Code, with respect to the tax credit for the qualifying advanced energy project program, to:
(1) allow, through December 31, 2016, an additional credit amount for the cost of manufacturing equipment that uses solar energy to generate electricity, fuel cell power plants, and systems for the electro-chemical storage of electricity; and
(2) increase for 2012 the amount of credits that may be allocated under such program. Provides for an offset against such increased credit by denying to any major integrated oil company:
(1) a foreign tax credit if such company receives a tax preference from a foreign jurisdiction that does not impose a generally applicable income tax, and
(2) a tax deduction for intangible drilling and development costs.

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