A bill to amend the Internal Revenue Code of 1986 to restore the regular investment tax credit for property placed in service during a specified period, and for other purposes.

Amends the Internal Revenue Code to reinstate the ten-percent investment tax credit with respect to property placed in service during 1992, 1993, or 1994, and make the at-risk rules inapplicable to such property.

Requires the computation of the rehabilitation credit, energy credit, and reforestation credit as in effect on the day before enactment of this Act.

Makes the investment tax credit applicable to certain projects entered into after December 31, 1994.