112th Congress > Senate > Vote 409
Clerk session vote number: 174
Description: A bill to provide a temporary income tax credit for increased payroll and extend bonus depreciation for an additional year, and for other purposes.
Bill 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
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taxable year in lieu of claiming bonus depreciation.
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Bill titles: A bill to provide a temporary income tax credit for increased payroll and extend bonus depreciation for an additional year, and for other purposes.
Links for more info on the vote: congress.gov
