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Investment Tax Credit |
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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 A provision under which tax credits are allowed for rehabilitating a building or investing in energy property for business purposes. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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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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