HR 11646 · 95th Congress · Income tax

Targeted Tax Relief Act

Introduced 1978-03-20· Sponsored by Rep. Duncan, John J. [R-TN-2]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1978-03-20)

Plain Language Summary

[AI summary unavailable — showing source text] Targeted Tax Relief Act - Amends the Internal Revenue Code to allow manufacturers planning property eligible for the investment tax credit in designated "labor surplus" areas to take double investment tax credits and depreciation deduction for the property. Doubles the allowable deduction for real property taxes on realty used in connection with this property.…

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