Middle Class and Small Business Tax Relief Act of 2012

3.0.0 15 2022-03-01T05:34:22Z 2022-03-01T05:34:22Z House H HR 2012-07-30 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. LEVIN:H.R. 15.Congress has the power to enact this legislation pursuantto the following:The Congress enacts this bill pursuant to Sections 7 & 8 ofArticle I of the United States Constitution and Amendment XVIof the United States Constitution.[Page H5331]]]> hsbu00 Budget Committee House Standing Referred to 2012-07-30T18:00:43Z hswm00 Ways and Means Committee House Standing Referred to 2012-07-30T18:00:38Z Middle Class and Small Business Tax Relief Act of 2012 112 6262 HR 2012-08-01 Referred to the House Committee on Ways and Means. Related bill CRS Middle Class Tax Cut Act 112 3393 S 2012-07-18 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 457. Related bill CRS Middle Class Tax Cut Act 112 3412 S 2012-07-25 Passed Senate without amendment by Yea-Nay Vote. 51 - 48. Record Vote Number: 184. (text: CR S5355-5356) Related bill CRS 2012-12-04 Motion to Discharge Committee filed by Mr. Walz (MN). Petition No: 112-6. (<a href="http://clerk.house.gov/112/lrc/pd/petitions/DisPet0006.xml">Discharge petition</a> text with signatures.) Discharge H17000 2 House floor actions 2012-07-30 Referred to the Committee on Ways and Means, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsbu00 Budget Committee 2012-07-30 Referred to the Committee on Ways and Means, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2012-07-30 Introduced in House IntroReferral Intro-H 9 Library of Congress 2012-07-30 Introduced in House IntroReferral 1000 9 Library of Congress L000263 Rep. Levin, Sander M. [D-MI-12] SANDER LEVIN D MI M. 12 N P000197 Rep. Pelosi, Nancy [D-CA-8] NANCY PELOSI D CA 8 2012-07-30 True H000874 Rep. Hoyer, Steny H. [D-MD-5] STENY HOYER D MD H. 5 2012-07-30 True C000537 Rep. Clyburn, James E. [D-SC-6] JAMES CLYBURN D SC E. 6 2012-07-30 True R000053 Rep. Rangel, Charles B. [D-NY-15] CHARLES RANGEL D NY B. 15 2012-07-30 True M000404 Rep. McDermott, Jim [D-WA-7] JIM MCDERMOTT D WA 7 2012-07-30 True L000287 Rep. Lewis, John [D-GA-5] JOHN LEWIS D GA 5 2012-07-30 True N000015 Rep. Neal, Richard E. [D-MA-2] RICHARD NEAL D MA E. 2 2012-07-30 True L000557 Rep. Larson, John B. [D-CT-1] JOHN LARSON D CT B. 1 2012-07-30 True B000574 Rep. Blumenauer, Earl [D-OR-3] EARL BLUMENAUER D OR 3 2012-07-30 True P000096 Rep. Pascrell, Bill, Jr. [D-NJ-8] WILLIAM PASCRELL D NJ J. 8 2012-07-30 True C001038 Rep. Crowley, Joseph [D-NY-7] JOSEPH CROWLEY D NY 7 2012-07-30 True V000128 Rep. Van Hollen, Chris [D-MD-8] Chris Van Hollen D MD 8 2012-07-30 True D000327 Rep. Dicks, Norman D. [D-WA-6] NORMAN DICKS D WA 6 2012-07-30 True C001080 Rep. Chu, Judy [D-CA-32] Judy Chu D CA 32 2012-07-30 True H001034 Rep. Honda, Michael M. [D-CA-15] MICHAEL HONDA D CA M. 15 2012-07-30 True T000469 Rep. Tonko, Paul [D-NY-21] Paul Tonko D NY 21 2012-07-30 True H001063 Rep. Hahn, Janice [D-CA-36] Janice Hahn D CA 36 2012-07-30 True M000725 Rep. Miller, George [D-CA-7] GEORGE MILLER D CA 7 2012-07-30 True W000800 Rep. Welch, Peter [D-VT-At Large] Peter Welch D VT 0 2012-07-30 True R000588 Rep. Richmond, Cedric L. [D-LA-2] Cedric Richmond D LA L. 2 2012-07-30 True C001084 Rep. Cicilline, David N. [D-RI-1] David Cicilline D RI N. 1 2012-07-30 True S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 2012-07-30 True J000126 Rep. Johnson, Eddie Bernice [D-TX-30] EDDIE JOHNSON D TX BERNICE 30 2012-07-30 True S000248 Rep. Serrano, Jose E. [D-NY-16] JOSE SERRANO D NY E. 16 2012-07-30 True C001036 Rep. Capps, Lois [D-CA-23] LOIS CAPPS D CA 23 2012-07-30 True P000597 Rep. Pingree, Chellie [D-ME-1] Chellie Pingree D ME 1 2012-07-30 True D000355 Rep. Dingell, John D. [D-MI-15] JOHN DINGELL D MI D. 15 2012-07-31 False M000312 Rep. McGovern, James P. [D-MA-3] JAMES MCGOVERN D MA P. 3 2012-07-31 False M000133 Rep. Markey, Edward J. [D-MA-7] Edward Markey D MA J. 7 2012-07-31 False W000215 Rep. Waxman, Henry A. [D-CA-30] HENRY WAXMAN D CA A. 30 2012-07-31 False R000486 Rep. Roybal-Allard, Lucille [D-CA-34] LUCILLE ROYBAL-ALLARD D CA 34 2012-07-31 False H001032 Rep. Holt, Rush [D-NJ-12] RUSH HOLT D NJ D. 12 2012-07-31 False L000560 Rep. Larsen, Rick [D-WA-2] RICK LARSEN D WA 2 2012-07-31 False C001066 Rep. Castor, Kathy [D-FL-11] Kathy Castor D FL 11 2012-07-31 False G000551 Rep. Grijalva, Raúl M. [D-AZ-7] Raúl Grijalva D AZ M. 7 2012-07-31 False M001143 Rep. McCollum, Betty [D-MN-4] BETTY MCCOLLUM D MN 4 2012-07-31 False D000216 Rep. DeLauro, Rosa L. [D-CT-3] ROSA DELAURO D CT 3 2012-07-31 False G000553 Rep. Green, Al [D-TX-9] Al Green D TX 9 2012-12-12 False 112-6: text with signatures.)]]> H.R.15 https://www.congress.gov/bill/112th-congress/house-bill/15 Taxation Business investment and capital Capital gains tax Computers and information technology Income tax credits Income tax deductions Income tax rates Poverty and welfare assistance Student aid and college costs Tax administration and collection, taxpayers Tax treatment of families Wages and earnings Taxation

00 2012-07-30 Introduced in House 2012-08-22T21:22:50Z Middle Class Tax Cut Act - Extends through 2013 for a taxpayer whose income is $200,000 or less ($250,000 for married couples filing a joint return): (1) the tax rate reductions and other tax benefits of the Economic Growth and Tax Relief Reconciliation Act of 2001, and (2) the reduction in the tax rate for dividend and capital gain income enacted by the Jobs and Growth Tax Relief Reconciliation Act of 2003. Increases income tax rates and phases-out personal exemptions and itemized deductions for certain high-income taxpayers.

Amends the Internal Revenue Code to extend through 2013: (1) the increased American Opportunity tax credit, (2) the increase in the refundable portion of the child tax credit, (3) the increased earned income tax credit percentage for three or more qualifying children, (4) the disregard of tax refunds in determining eligibility for federal and federally-assisted programs, and (5) the election to expense depreciable business assets.

Extends for one year: (1) the increased exemption amount for the alternative minimum tax (AMT), and (2) the offset against the AMT of certain nonrefundable personal tax credits.

Provides that the budgetary effects of this Act shall not be taken into account under the Statutory Pay-As-You-Go Act of 2010.

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Middle Class Tax Cut Act Short Titles as Introduced Middle Class Tax Cut Act Display Title Middle Class Tax Cut Act Official Title as Introduced To amend the Internal Revenue Code of 1986 to provide tax relief to middle-class families. Introduced in House 2012-07-30T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr15ih/xml/BILLS-112hr15ih.xml 2012-12-04 Motion to Discharge Committee filed by Mr. Walz (MN). Petition No: 112-6. (<a href="http://clerk.house.gov/112/lrc/pd/petitions/DisPet0006.xml">Discharge petition</a> text with signatures.) text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.