Investment Tax Credit

(redirected from Investment Tax Credits)

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 ?
Before joining BBVA Compass, Knudson also worked in investment banking with an advisory firm that specialized in New Market Tax Credits, Low Income Housing Tax Credits, Historic Tax Credits and Investment Tax Credits.
Danafilms Inc., a maker of laminated plastic films, won $400,000 in investment tax credits, while chemicals company MicroChem Corp.
For example, states like Massachusetts, New Jersey and Oklahoma offer investment tax credits to manufacturing businesses for assets purchased that will be used exclusively in manufacturing activities.
Driven by continued strong performance by the rubber compounding business, volume increases at the AirBoss Engineered Products industrial products division and the recognition of significant investment tax credits resulting from increased research and development, AirBoss reported record earnings for the second quarter of 19 cents per share.
The interior department stated that the project is eligible for USD1bn in federal investment tax credits, as part of the stimulus package Congress passed in 2009.
The Domestic Manufacturing and Energy Jobs Act of 2010 includes $6.5 billion worth of investment tax credits for taxpayers that re-equip, expand or establish domestic manufacturing facilities that produce advanced energy equipment.
Common incentives include hiring credits; property tax breaks; sales and use tax credits; income tax credits or percentage reductions; research and development credits; and investment tax credits. Common qualification requirements are tied to both the employer's physical location and employees' residential address or various socio-economic factors.
2004), rev'g Trinova Corp., 108TC 68 (1997) (a post-Mead decision), a taxpayer transferred property for which it had received investment tax credits (ITCs) to a wholly owned subsidiary in its consolidated group.
Finally, although the budget does not adopt the formal loss transfer system recommended by TEI, the budget legislation will expand the carryforward period for use of investment tax credits and net operating loss carryforwards.
Although the preceding analysis assumes no special tax treatment on the initial investment, many states use investment tax credits to encourage the job creation that results from angel investing.
DaimlerChrysler Corp., which held unconstitutional the ability of Ohio and its municipalities to use investment tax credits for economic development purposes.
The provisions include fuel cell investment tax credits for residential property owners and business owners, particularly telecommunications firms, and a four-year, 30-percent incentive capped at $1,000 per kilowatt.

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