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H.R. 4196

BillFederalHouseIn Committee
To amend the Internal Revenue Code of 1986 to extend the allowance for bonus depreciation for certain business assets.
About This Bill
Committee
Latest Action · March 13, 2012
Referred to the House Committee on Ways and Means.
Congress
112th (2011–2013)
Introduced
March 13, 2012
Sponsor
Rep. Patrick TiberiR
Cosponsors (50)
24D 26R
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Summary

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Amends the Internal Revenue Code to: (1) extend for one year the 100% bonus depreciation allowance for business assets, and (2) increase 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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