S. 2237: Small Business Jobs and Tax Relief Act
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S. 2237: Small Business Jobs and Tax Relief Act
112th Congress · introduced 2012-03-26 · Taxation · Latest: Returned to the Calendar. Calendar No. 341.
federal
Follow this bill, step by step
- Where it came from: introduced 2012-03-26 · official record
- Who proposed it: Sen. Reid, Harry [D-NV] · what a sponsor is
- What happened next: 4 recorded votes in our records. Latest: Senate vote 175 (2012): On the Motion to Table, S2237 (2012-07-12), Motion to Table Agreed to. See all
- Where it stands now: Returned to the Calendar. Calendar No. 341. Not final yet: this can still change. We check for updates every day.
- If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.
Official title
Small Business Jobs and Tax Relief Act
Plain 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.
Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.
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What does this mean? (plain words)
Official text
Small Business Jobs and Tax Relief Act
Source: Congressional Research Service summary (Introduced in Senate)
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How did my representative vote? · This bill's floor votes
Officials and money
Sponsor: Sen. Reid, Harry [D-NV] · 7 cosponsors
Cost estimate: No cost estimate published yet.
Cosponsors on this site
Charles E. Schumer (D-NY), Richard J. Durbin (D-IL), Sheldon Whitehouse (D-RI), Richard Blumenthal (D-CT), Christopher A. Coons (D-DE)
Recorded votes
- Senate vote 174 (2012): On Cloture on the Motion to Proceed, S2237 (2012-07-10): Cloture on the Motion to Proceed Agreed to
- Senate vote 175 (2012): On the Motion to Table, S2237 (2012-07-12): Motion to Table Agreed to
- Senate vote 176 (2012): On the Cloture Motion, S2237 (2012-07-12): Cloture Motion Rejected
- Senate vote 177 (2012): On the Cloture Motion, S2237 (2012-07-12): Cloture Motion Rejected
Sources
- Congressional Research Service summary (Introduced in Senate)
- Congress.gov
- Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-112s2237.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/112/s>
Record fed-us-cong112-s2237 · catalog fed-us-congress-bills-cong112 · updated 2026-11-15 by psicol fed-bills-cong112