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Investment Tax Credit

   Also found in: Dictionary/thesaurus, Acronyms, Encyclopedia, Wikipedia 0.02 sec.
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.


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The act also extends a 30 percent investment tax credit in lieu of the production tax credit to such facilities as solar, wind, dosed-loop biomass, open-loop biomass, geothermal, small irrigation, hydropower, landfill gas, waste-to-energy and marine renewable that will be placed in service through the year 2016.
States have begun reducing the up-front financial incentives they offer because of an increase in federal aid, including a hike in the federal investment tax credit for the systems.
The bill also would extend a 30% investment tax credit for solar and fuel cell property for eight years and make modifications to clean renewable energy bonds.
 
 
 
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