To amend the Internal Revenue Code of 1986 to extend bonus depreciation, and for other purposes.
Invest in America Now Act of 2012 - Amends the Internal Revenue Code to: (1) extend through 2012 the 100% bonus depreciation allowance for business assets; (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; and (3) deny major integrated oil companies a tax deduction for income attributable to the domestic production, transportation, or distribution of oil, natural gas, and primary products thereof.
Referred to the House Committee on Ways and Means.
Became Public Law No: 112-96.
Referred to the House Committee on Ways and Means.
Read twice and referred to the Committee on Finance.
Returned to the Calendar. Calendar No. 341.
Read twice and referred to the Committee on Finance.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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