Investment Tax Credit

(redirected from Investment Tax Credits)

Investment Tax Credit

Proportion of new capital investment that could be used to reduce a company's tax bill (abolished in 1986).

Investment Tax Credit

1. A tax credit on capital expenditures that was abolished in 1986.

2. A tax credit a business may receive for making adjustments to its building and other facilities to make them more energy efficient.

Investment Tax Credit

A provision under which tax credits are allowed for rehabilitating a building or investing in energy property for business purposes.
References in periodicals archive ?
a maker of laminated plastic films, won $400,000 in investment tax credits, while chemicals company MicroChem Corp.
5 billion worth of investment tax credits for taxpayers that re-equip, expand or establish domestic manufacturing facilities that produce advanced energy equipment.
Common incentives include hiring credits; property tax breaks; sales and use tax credits; income tax credits or percentage reductions; research and development credits; and investment tax credits.
Investment tax credits, along with an array of other tax incentives, are widely used by States to encourage growth in economically distressed areas, spur investment, increase jobs, and hence, enlarge the tax base.
which held unconstitutional the ability of Ohio and its municipalities to use investment tax credits for economic development purposes.
A recent example was a business which moved their business to Sullivan County, New York, from a neighboring state and gained hundreds of thousands of dollars in benefits stemming from wage tax credits; investment tax credits for production equipment and facilities; real property tax credits based on new jobs created; income tax credits and employee incentive tax credits as well as a state sales tax exemption.
Unless the Supreme Court grants certiorari and says other wise, investment tax credits based on the location of an investment are constitutionally impermissible.
Corporate interests are more likely to promote management over labor, free manufacturing over regulatory laws, and certain tax policies like investment tax credits and a capital gains tax cut.
View it as an investment tax credit for individual retirees the same as we have investment tax credits for corporations.
Strategies vary, but include investment tax credits, sales tax exemptions and property tax abatements.
The public-private economic incentive partnership includes $5,754,209 in private investment; $179,809 in investment tax credits from the Economic Assistance Coordinating Council; and a five-year tax increment financing agreement with the town for $2,164,581.

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