To amend the Internal Revenue Code of 1986 to provide an investment tax credit for increases in investments in American-made equipment, with an additional credit for equipment made by union labor.
American Jobs Investment Act of 1992 - Amends the Internal Revenue Code to allow a tax credit after December 31, 1991, and before January 1, 1997, for qualified investment in American-made property. Describes such property as that completed in the United States and at least 70 percent of the basis of which is attributable to value added within the United States.
Increases such tax credit for investment in such property where the labor was performed by union employees.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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