S.2237 - Small Business Jobs and Tax Relief Act

A bill to provide a temporary income tax credit for increased payroll and extend bonus depreciation for an additional year, and for other purposes. view all titles (2)

All Bill Titles

  • Official: A bill to provide a temporary income tax credit for increased payroll and extend bonus depreciation for an additional year, and for other purposes. as introduced.
  • Short: Small Business Jobs and Tax Relief Act as introduced.

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Bill’s Views

  • Today: 2
  • Past Seven Days: 7
  • All-Time: 2,626
 
Introduced
 
Senate
Passes
 
House
Passes
 
President
Signs
 

 
03/26/12
 
 
 
 
 
 
 

Sponsor

Senator

Harry Reid

D-NV

View Co-Sponsors (7)

Committees

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Latest Vote

Result: Cloture Motion Rejected - July 12, 2012

Roll call number 177 in the Senate

Question: On the Cloture Motion S. 2237

 

Official Summary

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 m

Official Summary

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.

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Organizations Supporting S.2237

  • Small Business Majority

Organizations Opposing S.2237

  • None via MapLight at this time.


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