Targeted Tax Relief Act

Summary

Targeted Tax Relief Act - Amends the Internal Revenue Code to allow manufacturers planning property eligible for the investment tax credit in designated "labor surplus" areas to take double investment tax credits and depreciation deduction for the property. Doubles the allowable deduction for real property taxes on realty used in connection with this property.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 21 February 1978

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 21 February 1978

   Introduced

   Introduced in House

   Source: IntroReferral

3. 21 February 1978

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 21 February 1978

  Open at official source

Sponsors

• Rep. LaFalce, John J. [D-NY-36] · D · Sponsor
• · hswm00 · Standing

Related records

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• related to ← Targeted Tax Relief Act
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• related to ← Targeted Tax Relief Act
• related to ← Targeted Tax Relief Act