United States · Bill · S
S. 1594 (98th)
Basic Industries Reindustrialization Act
Introduced
29 June 1983
Last action
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Status
Committee on Finance requested executive comment from OMB, Treasury Department.
Sponsors
—
Subjects
Discovery layer
Source updated
29 August 2025
Summary
Basic Industries Reindustrialization Act - Amends the Internal Revenue Code to suspend the limitation on the investment tax credit for a period of seven years beginning with taxable years ending after January 1, 1983. Makes such credit refundable. Allows a tentative refund of tax under a claim of right adjustment in the case of investment tax credits. Requires the President to submit a report to the Congress by December 1, 1989, on whether or not such period should be extended further. Authorizes appropriations.
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Documents
1 official file
Introduced in Senate
summary · EN · 29 June 1983
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/98th-congress/senate-bill/1594
- Open data entity: https://api.congress.gov/v3/bill/98/s/1594