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Investment Tax Credit

   Also found in: Acronyms, Encyclopedia, Wikipedia 0.04 sec.
Investment Tax Credit
Proportion of new capital investment that could be used to reduce a company's tax bill (abolished in 1986).


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The NYS tax incentive for historic commercial (income producing) properties will complement the existing Federal Historic Preservation Tax Incentive program (aka, the Investment Tax Credit or ITC).
8) Similar to the investment tax credit imposed by those states that imposed a corporate income tax, the Michigan ITC was granted for assets put in place throughout the United States.
The ATG also provides guidance on substantiation related to costs versus estimates, requirements of documentation of backup sources and discusses cost segregation's evolution from its origins in the Investment Tax Credit to current practices.
 
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