I am making rolls recipe says can be refrigerated 30 minutes to six hours, can I be 12 hours

Yes, totally -- you can punch down the dough in the morning, shape the rolls and either let them rise again in the fridge or just let them sit out and rise -- depending on when you're eating. Good luck and happy Thanksgiving!

In the morning can they sit out for couple hour before I bake

If your fridge is on the cool side, it should be just fine.

Is this the first rise or after they've been shaped?