Buy-American Investment Incentive Act

Summary

Buy-American Investment Incentive Act - Amends the Internal Revenue Code to allow an incremental investment credit in an amount equal to ten percent of the excess of the aggregate bases of qualified investment credit properties placed in service over 80 percent of the base amount. Excludes: (1) property if completed outside the United States or if less than 75 percent of the basis of the property is attributable to value added within the United States; and (2) passenger automobiles and office furnishings. Establishes formulas for determining the base amount. Makes the incremental investment credit inapplicable to any property to which the energy or rehabilitation credit would apply unless the taxpayer waives the application of such credits. Establishes special rules for the incremental investment credit in relation to limitations based on the amount of tax. Applies such limitations and provisions concerning carryback and carryforward of unused credits separately, in the case of a C corporation: (1) first with respect to the credit allowed as is not attributable to the incremental investment credit; and (2) then with respect to such credit. Limits the credit, in lieu of current limitations, to the net chapter 1 tax.

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

Timeline

1. 17 February 1993

   Introduced

   Introduced in House

   Source: IntroReferral

2. 17 February 1993

   Introduced

   Introduced in House

   Source: IntroReferral

3. 17 February 1993

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

4. 10 August 1993

   Committee

   See H.R.2264.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 17 February 1993 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 17 February 1993

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 17 February 1993

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 17 February 1993

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Lipinski, William O. [D-IL-3] · D · Sponsor
• Rep. Green, Gene [D-TX-29] · D · Cosponsor
• Rep. Stupak, Bart [D-MI-1] · D · Cosponsor
• Rep. Chapman, Jim [D-TX-1] · D · Cosponsor
• Rep. Collins, Mac [R-GA-3] · R · Cosponsor
• Rescom. Romero-Barcelo, Carlos A. [D-PR-At Large] · D · Cosponsor
• Rep. Taylor, Gene [D-MS-4] · D · Cosponsor
• Rep. DeFazio, Peter A. [D-OR-4] · D · Cosponsor
• Rep. Blackwell, Lucien E. [D-PA-2] · D · Cosponsor
• Rep. Zeliff, William H., Jr. [R-NH-1] · R · Cosponsor
• Rep. Hastings, Alcee L. [D-FL-20] · D · Cosponsor
• Rep. Kaptur, Marcy [D-OH-9] · D · Cosponsor
• Sen. Brown, Sherrod [D-OH] · D · Cosponsor
• Rep. Bonior, David E. [D-MI-10] · D · Cosponsor
• · hswm00 · Standing

Related records

• related to ← Omnibus Budget Reconciliation Act of 1993