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

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 ?
The federal investment tax credit (ITC) is a 30 percent credit for solar systems on residential and commercial properties.
On September 2, 2004, the Sixth Circuit held that Ohio's investment tax credit violated the commerce clause and reversed the portion of the district court's opinion that upheld it.
In exchange for an agreement to maintain a declining number of jobs at the plant, the economically depressed city and state showered presents on the automaker: the investment tax credit, a 10-year property tax holiday, free water, free site preparation and free land --land which housed a close-knit neighborhood.
And his call for an investment tax credit to spur industry also mirrors his home state strategy.
In addition, the coverage reimburses insureds for any resulting loss or recapture of energy investment tax credits.
State Budget C fund Arizona's Essential and Permanent Digital Records initiative, discourage the Legislature's sweeping budget funds not used by ACA, recapitalize the Angel Investment Tax Credit program and reinvest in Arizona's education fund.
Solar, however, was not one of them, due in large part to a stable investment tax credit (ITC).
Malloy estimated that the additional tax revenue to the town is between $77,226 and $193,066, and the State Investment Tax Credit is estimated to be $300,000.
48 investment tax credit will be addressed because, as of the writing of this item, ARRA Section 1603 grants have not been extended for projects commencing after 2010, and the ARRA Section 1603 grant rules were intended to follow the investment tax credit rules of Sec.
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).
DaimlerChrysler, the case challenging Ohio's manufacturing investment tax credit, in which Tax Executives Institute filed a "friend of the court" brief.

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