To amend the Internal Revenue Code of 1986 to provide a temporary investment tax credit for investments in certain productive equipment.

Amends the Internal Revenue Code to allow a new productive equipment credit for investment in qualified productive property for the period after December 31, 1991, and before January 1, 1996. Makes imported property and property used in mining extraction and timber harvesting ineligible for such credit.

Allows such credit for qualified failed thrift property acquired from the Federal Deposit Insurance Corporation (FDIC) or the Resolution Trust Corporation (RTC). Denies such credit to any officer, director, substantial shareholder, or owner of depository institutions acquired by the FDIC or the RTC. Requires a portion of the gain on the resale, exchange, or other disposition of such property to be paid to the FDIC or the RTC.