HR 3487 · 94th Congress · Taxation

A bill to allow the investment tax credit with respect to certain leased commuter cars.

Introduced 1975-02-20· Sponsored by Rep. Rostenkowski, Dan [D-IL-8]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1975-02-20)

Plain Language Summary

[AI summary unavailable — showing source text] Allows, under the Internal Revenue Code, the investment tax credit with respect to leased depreciable property acquired by a governmental unit pursuant to the Urban Mass Transportation Act of 1964 in an amount equal to that paid by the lessee in rent and other contributions to the cost of such property.…

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