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- H.R.5795
H.R.5795: Rebuilding American Manufacturing Act of 2012
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about taxation
- Introduced May 17, 2012
- Latest Major Action May 17, 2012
- See the three similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
9 (All Democrats)
Bill Summary
Rebuilding American Manufacturing Act of 2012 - Amends the Internal Revenue Code to allow taxpayers engaged in domestic manufacturing in the United States a tax deduction equal to 43% of the lesser of their domestic manufacturing income or their taxable income for the taxable year (thus effectively reducing their income tax rate from 35% to approximately 20%). Limits the amount of such deduction to 25% of such taxpayer's qualifying domestic...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
Date | Description |
---|---|
Referred to the House Committee on Ways and Means.
|
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May 17, 2012 |
Introduced in the House by Ron Kind (D-Wis.) |