Businesses Support AMT Provision in Camp Tax Relief Bill
DEC. 12, 2011
Businesses Support AMT Provision in Camp Tax Relief Bill
DOCUMENT ATTRIBUTES
- Institutional AuthorsAmerican AirlinesArch CoalCliffs Natural ResourcesCMS EnergyGeneral MotorsGoodyearOwen-Illinois Inc.Peabody EnergyXerox
- Cross-Reference
- Code Sections
- Subject Area/Tax Topics
- Jurisdictions
- LanguageEnglish
- Tax Analysts Document NumberDoc 2011-26167
- Tax Analysts Electronic Citation2011 TNT 240-29
December 12, 2011
The Honorable Dave Camp
Chairman House Ways and Means Committee
House of Representatives
1102 Longworth House Office Building
Washington, D.C. 20515
Dear Chairman Camp:
We are writing in strong support of H.R. 3630, the Middle Class Tax Relief and Jobs Creation Act of 2011.
This bill includes the Alternative Minimum Tax (AMT) U.S. Jobs provision which will provide our companies with a strong incentive to create American jobs and to make new capital investments.
The AMT U.S. Jobs provision would allow companies who do not benefit from other similarly-designed incentives -- like bonus depreciation -- to utilize their existing AMT credits based on new investments in U.S. plants and equipment.
Thank you for your leadership in encouraging investment and job creation. We support the swift passage of H.R. 3630.
Sincerely,
American Airlines
Arch Coal
Cliffs Natural Resources
CMS Energy
General Motors
Goodyear
Owens-Illinois, Inc.
Peabody Energy
Xerox
cc:
The Honorable John Boehner,
Speaker of the House of Representatives
The Honorable Eric Cantor,
Majority Leader of the House of Representatives
DOCUMENT ATTRIBUTES
- Institutional AuthorsAmerican AirlinesArch CoalCliffs Natural ResourcesCMS EnergyGeneral MotorsGoodyearOwen-Illinois Inc.Peabody EnergyXerox
- Cross-Reference
- Code Sections
- Subject Area/Tax Topics
- Jurisdictions
- LanguageEnglish
- Tax Analysts Document NumberDoc 2011-26167
- Tax Analysts Electronic Citation2011 TNT 240-29