Financial Definition of Investment Tax Credit
Meaning of Investment Tax Credit
Proportion of new capital investment that can be used to reduce a company’s tax bill (abolished in 1986).
Related Entries of Investment Tax Credit in the Encyclopedia of Law Project
Browse or run a search for Investment Tax Credit in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.
Investment Tax Credit in Historical Law
You might be interested in the historical meaning of this term. Browse or search for Investment Tax Credit in Historical Law in the Encyclopedia of Law.
Legal Abbreviations and Acronyms
Search for legal acronyms and/or abbreviations containing Investment Tax Credit in the Legal Abbreviations and Acronyms Dictionary.
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Investment Tax Credit in the Dictionary | Investment Tax Credit in our legal dictionaries |
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Related topics | Investment Tax Credit in the World Encyclopedia of Law |
What is Investment Tax Credit?
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Investment Tax Credit Definition (in the Accounting Vocabulary)
The New York State Society of Certified Public Accountants offers the following definition of Investment Tax Credit in a way that is easy for anybody to understand: This is a component of the general business credit and consists of the following: 1. The energy credit; 2. The rehabilitation credit; and 3. The reforestation credit.
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