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investment credit
(redirected from Investment tax credit)

    Also found in: Financial, Acronyms, Wikipedia 0.08 sec.

investment credit

 or investment tax credit

Tax incentive that permits companies or individuals to deduct a specified percentage of certain investment costs from their tax liability in addition to the normal allowances for depreciation. Investment credits are similar to investment allowances, which permit investors or businesses to deduct a specified percentage of certain capital costs from taxable income. Both investment credits and investment allowances differ from accelerated depreciation by offering a percentage deduction at the time an asset is purchased. In effect, the credits are subsidies for investment. Investment credits and investment allowances were adopted by the U.S. in 1962 in order to protect domestic business from foreign competition but have since been applied toward the support of energy conservation, pollution control, or various forms of desirable economic development.



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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).
Governor green lights tax incentives for historic rehabs by Real Estate Weekly
8) Similar to the investment tax credit imposed by those states that imposed a corporate income tax, the Michigan ITC was granted for assets put in place throughout the United States.
The repeal of the Michigan Single Business Tax by Gandhi, Lynn A. / Tax Executive
The ATG also provides guidance on substantiation related to costs versus estimates, requirements of documentation of backup sources and discusses cost segregation's evolution from its origins in the Investment Tax Credit to current practices.
Money found: cost segregation studies can help clients realize tax ... by Grainger, Angie / California CPA
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