112th Congress > Senate > Vote 409

Date: July 10, 2012

Result: 80-14 (Cloture on the Motion to Proceed Agreed to)

Clerk session vote number: 174

Vote Subject Matter: Government Management / Budget Special Interest

Sponsor: REID, Harry (D-NV)

Bill number: S2237

Question: On Cloture on the Motion to Proceed

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 taxable year in lieu of claiming bonus depreciation.

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

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