Investment Tax Credit

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Also found in: Acronyms.

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 ?
69-543, the taxpayer claimed the investment credit and carried forward a portion of the unused credit into three subsequent tax years.
3 per cent), followed by overseas investment credit at 33.
That's why I have introduced the Vehicle Efficiency Heightening Investment Credit to Lift our Economy (VEHICLE) Act to create a business tax credit to incentivize vehicle fleet modernization and expansion.
As added incentive for the development of green energy, the act also provides a 30 percent investment credit, subject to applicable limits, to individual homeowners for energy improvements, including solar electric, solar thermal, residential wind and geothermal heat pump property, through 2016.
The dairy cooperative investment credit is identical to Assembly Bill 37, and the meat processing facility credit matches Assembly Bill 12.
A corporate rate cut is estimated to produce as little as two-thirds of the investment induced by an investment credit with an equivalent revenue loss.
The taxpayer countered that since the partnerships had been allowed to keep the investment credit and he had to pay tax on some income, there was the requisite profit motive.
GFH announced on August 8 that it has been assigned an investment credit grade rating of BBB- by Standard & Poor's (S&P), one of the top two international rating agencies.
Other FTB audit emphasis for businesses include sales factor, unity, business/non-business, enterprise zone credit; and the manufacturer's investment credit.
As requested by the Supreme Court, TEI directly addressed the issue whether the citizens group that sued to invalidate the investment credit had standing.
Rann Watumull, Gina's husband and an authority on Hawaii's tax investment credit program Act 221, helps the company find potential production investors.
The bank also offers investment credit, mezzanine financing, loan guarantees, financial consulting, fund structuring and other services.

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