Investment tax credit, Taxation

Investment Tax Credit

A reduction in corporate income taxes is equal to a percent of the cost of a new asset in the year that the new asset is placed in the service. The credit is periodically allowed by the federal tax authorities but it is not always available. The actual rules and rates change over the years. Presently, there is no investment credit available to firms that purchase new equipment.

Posted Date: 10/17/2012 2:39:55 AM | Location : United States

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