H.R.6100 - Middle Class Tax Cut Protection Act of 2012112th Congress (2011-2012)
|Sponsor:||Rep. Braley, Bruce L. [D-IA-1] (Introduced 07/11/2012)|
|Committees:||House - Ways and Means|
|Latest Action:||07/11/2012 Referred to the House Committee on Ways and Means.|
This bill has the status Introduced
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Summary: H.R.6100 — 112th Congress (2011-2012)All Bill Information (Except Text)
Introduced in House (07/11/2012)
Middle Class Tax Cut Protection Act of 2012 - Extends through 2014: (1) the general terminating date 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.
Amends the Internal Revenue Code to extend through 2014: (1) the increased American Opportunity tax credit, (2) the increase in the refundable portion of the child tax credit, and (3) the increased earned income tax credit percentage for three or more qualifying children.
Disqualifies taxpayers whose income exceeds $250,000 for such extended tax benefits.