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Investment Tax Credit |
Also found in: Acronyms, Encyclopedia | 0.01 sec. |
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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 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. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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