Balanced Growth Tax Credit Act

[AI summary unavailable — showing source text] Balanced Growth Tax Credit Act - Allows as an investment credit against the income tax an additional 3 percent of the qualified investment under the Internal Revenue Code attributable to qualified balanced growth property. Defines balanced growth property to mean: (1) property which will assist in providing new employment opportunities; (2) property which will be used in the manufacture or distribution of personal property; or (3) property which will be used in connection with a facility providing recreation to the public.…