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United States · Bill · HR

H.R. 6681 (94th)

Investment Tax Credit Act

referredUnited States· United States Congress· EN

Introduced

5 May 1975

Last action

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Status

Referred to House Committee on Ways and Means.

Sponsors

—

Subjects

Discovery layer

Source updated

2 September 2025

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Summary

Investment Tax Credit Act - Increases to 150 percent the qualified investment for purposes of the investment tax credit under the Internal Revenue Code for qualified machinery and equipment utilized in any plant in a trade or business which: (1) on the date of enactment of this Act had been owned and used by the taxpayer for 10 or more calendar years; (2) is located within 10 miles of such plant; or (3) is located in a metropolitan area with an unemployment rate exceeding the national average by at least 2 percent.

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1 official file

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