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 ?
Projects that were marginal without the ACE investment tax credit become very attractive if the returns rise by over 40%.
There was no dispute that the Ohio investment tax credit and property tax abatement satisfied the first, second and fourth prongs.
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.
An extraordinary investment tax credit is available to qualifying enterprises to promote their self-financing and to increase their equity and productive investment from 1998 through 2000.
The credit is applicable to taxpayers (including partners of partnerships, beneficiaries of estates and trusts, and shareholders of New York S corporations) that are allowed the Economic Development Zone Investment Tax Credit under section 6060 of the Tax Law.
A key issue with an investment tax credit is whether it would affect firms' decisions to purchase such capital equipment.
In addition, the coverage reimburses insureds for any resulting loss or recapture of energy investment tax credits.
The bill would also add open-loop biomass heating property to the list of existing technologies that qualify for the commercial renewable energy investment tax credit in the federal tax code.
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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