Small Business Tax Cut Act
Rule Hearing Information:
Meeting Time: Tuesday, April 17, 2012 at 3:00 PM in H-313 The Capitol
For more information on this hearing, click here.
Last Updated: 04/17/2012 at 6:00 PM
|#3||Version 1||DeFazio (OR)||Democrat||Would restrict the tax credit to companies that run their employees through the federal E-Verify database.||Submitted|
|#2||Version 1||Levin, Sander (MI)||Democrat||SUBSTITUTE Would replace the deduction in the underlying bill with a deduction for small businesses for the amounts they spend on capital investments in 2012.||Made In Order|
|#1||Version 1||McDermott (WA)||Democrat||SUBSTITUTE Would extend for one year 100 percent expensing for capital expenditures, and offset the cost by repealing the section 199 manufacturing deduction for major integrated oil companies.||Submitted|
Rule Information for H.R. 9
REPORTED BY VOICE VOTE on Tuesday, April 17, 2012.
FLOOR ACTION ON H. RES. 620:
Agreed to by record vote of 234-178, after agreeing to the previous question by record vote of 234-179 and agreeing by voice vote to an amendment to the resolution, on Thursday, April 19, 2012.
MANAGERS: Sessions/Hastings (FL)
1. Structured rule.
2. Provides one hour of debate equally divided and controlled by the chair and ranking minority member of the Committee on Ways and Means.
3. Waives all points of order against consideration of the bill.
4. Provides that the amendment in the nature of a substitute recommended by the Committee on Ways and Means now printed in the bill shall be considered as adopted. The bill, as amended, shall be considered as read and shall be considered as original text for the purpose of further amendment.
5. Waives all points of order against provisions in the bill, as amended.
6. Makes in order an amendment int he nature of a substitute printed in the Rules Committee report. The amendment made in order may be offered only by Representative Levin of Michigan or his designee, shall be considered as read, shall be debatable for 30 minutes equally divided and controlled by the proponent and an opponent, and shall not be subject to amendment.
7. Waives all points of order against the amendment printed in the report.
8. Provides one motion to recommit with or without instructions.
Summary of Amendments to be Made in Order:
(summaries derived from information provided by sponsors)
Would replace the deduction in the underlying bill with a deduction for small businesses for the amounts they spend on capital investments in 2012.