HR 5503 · 93th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to raise the limitation on used property taken into account for purposes of the investment credit from $50,000 to $150,000.

Introduced 1973-03-13· Sponsored by Rep. Fulton, Richard [D-TN-5]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means..(1973-03-13)

Plain Language Summary

[AI summary unavailable — showing source text] Raises the limitation on used property taken into account for purposes of the investment credit from $50,000 to $150,000. (Amends 26 U.S.C. sec 48 (c)(2))…

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