HR 3947 · 97th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to repeal the dollar limitation on the amount of used property for which the investment tax credit is allowable.

Introduced 1981-06-17· Sponsored by Rep. Guarini, Frank J. [D-NJ-14]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1981-06-17)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to remove the limitation on the allowable cost of used property which is eligible for the investment tax credit.…

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