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investment credit

   Also found in: Financial, Acronyms 0.02 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 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.
Settlement doesn't legitimize sham by Schnee, Edward J. / Journal of Accountancy
In fact, over 80% of the states have some form of investment credit for new investments in property or labor.
State tax incentives after Cuno by Monroe, Tracy J. / The Tax Adviser
In California, for example, placing qualifying property into service after January 1, 1994, yielded a manufacturer's investment credit for many taxpayers.
In the Supreme Court of the United States: No. 04-1704: ... by Tax Executive
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