United States · Bill · S
S. 1594 (94th)
Balanced Growth Tax Credit Act
Introduced
29 April 1975
Last action
—
Status
Referred to Senate Committee on Finance.
Sponsors
—
Subjects
Discovery layer
Source updated
2 September 2025
Summary
Balanced Growth Tax Credit Act - Allows as an investment credit against the income tax an additional 3 percent of the qualified investment under the Internal Revenue Code attributable to qualified balanced growth property. Defines balanced growth property to mean: (1) property which will assist in providing new employment opportunities; (2) property which will be used in the manufacture or distribution of personal property; or (3) property which will be used in connection with a facility providing recreation to the public.
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Documents
1 official file
Introduced in Senate
summary · EN · 29 April 1975
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/94th-congress/senate-bill/1594
- Open data entity: https://api.congress.gov/v3/bill/94/s/1594