HR 961 · 96th Congress · Taxation

Investment Tax Credit Act of 1977

Introduced 1979-01-18· Sponsored by Rep. Brodhead, William [D-MI-17]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1979-01-18)

Plain Language Summary

[AI summary unavailable — showing source text] Investment Tax Credit Act of 1977 - Amends the Internal Revenue Code to allow a double investment tax credit for machinery and equipment placed in service in existing manufacturing plants located in high unemployment areas, or in nearby areas.…

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