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investment credit
(redirected from Investment tax credit)

    Also found in: Dictionary/thesaurus, Financial, Acronyms, Wikipedia 0.01 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 act also extends a 30 percent investment tax credit in lieu of the production tax credit to such facilities as solar, wind, dosed-loop biomass, open-loop biomass, geothermal, small irrigation, hydropower, landfill gas, waste-to-energy and marine renewable that will be placed in service through the year 2016.
Renewable energy incentives abound in recovery act: key tax credits ... by Smith, Gregory H.; Duncan, Jarrett B. / New Hampshire Business Review
States have begun reducing the up-front financial incentives they offer because of an increase in federal aid, including a hike in the federal investment tax credit for the systems.
Solar flares; Incentives smaller, but it's still a bright idea by Telegram & Gazette (Worcester, MA)
The bill also would extend a 30% investment tax credit for solar and fuel cell property for eight years and make modifications to clean renewable energy bonds.
House passes energy credits by Modern Casting
 
 
 
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