S 602 · 97th Congress · Taxation
A bill to amend the investment credit provisions of the Internal Revenue Code of 1954 to provide for refundability of currently earned investment credits after the close of the year in which earned and for refundability of any previously earned but unused investment credit after the close of the last year to which the unused credit may be carried.
Bill Progress
✓
Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Committee on Finance requested executive comment from OMB; Treasury Department.(1981-03-05)
Plain Language Summary
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Amends the Internal Revenue Code to provide for the refundability of currently earned investment tax credits after the close of the year in which earned and for the refundability of any previously earned but unused investment tax credits after the close of the last year to which the unused credit may be carried.…
Summarized by Claude AI · Non-partisan · For informational purposes only