Investment Tax Incentive Act of 1993 - Amends the Internal Revenue Code to allow the depreciation deduction to be computed based on a neutral recovery basis for property placed in service after December 31, 1992.
Repeals the special depreciation rules applicable under the adjusted current earnings provisions of the minimum tax.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
See H.R.2264.
Sponsor introductory remarks on measure. (CR H6460)
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