HR 6529 · 96th Congress · Taxation

Economic Redevelopment Area Tax Incentive Act of 1980

Introduced 1980-02-19· Sponsored by Rep. Davis, Robert W. [R-MI-11]· 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.(1980-02-19)

Plain Language Summary

[AI summary unavailable — showing source text] Economic Redevelopment Area Tax Incentive Act of 1980 - Amends the Internal Revenue Code to extend investment tax credit treatment to qualified redevelopment property. Defines "qualified redevelopment property" as depreciable business property which is located in geographic areas which have been identified by the Secretary of Labor as having persistently high rates of unemployment. Sets the rate of such investment tax credit at 12 percent.…

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