A bill to amend the Internal Revenue Code of 1986 to reinstate a 5 percent investment tax credit after 1987 for certain property.

Amends the Internal Revenue Code to allow a five-percent investment tax credit after 1987 for tangible property which: (1) is used as a part of manufacturing, production, or extraction or of furnishing transportation, communications, electrical energy, gas, water, or sewage disposal services; (2) constitutes a research facility used in connection with such activities; or (3) constitutes a facility used in connection with such activities for the bulk storage of fungible commodities.