HR 1175 · 93th Congress · Commerce

A bill to amend the Internal Revenue Code of 1954 to provide for the continuation of the investment tax credit for small businesses.

Introduced 1973-01-03· Sponsored by Rep. Scherle, William J. [R-IA-5]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1973-01-03)

Plain Language Summary

[AI summary unavailable — showing source text] Provides for an investment tax credit for small business for property constructed or acquired after December 31, 1969. Limits such a credit to $15,000 and provides for the application of this limitation to married individuals, affiliated groups and partnerships. (Amends 26 U.S.C. 49)…

Summarized by Claude AI · Non-partisan · For informational purposes only