A bill to amend the Internal Revenue Code of 1986 to extend the allowance for bonus depreciation for certain business assets.
Read twice and referred to the Committee on Finance.
Congressional Research Service
Official summary
Version 00 · Introduced in Senate · Mar 27, 2012
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.
Source last updated: Dec 5, 2025. Consult Congress.gov for the current record.
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