A bill to encourage small business capital formation by amending the Internal Revenue Code of 1954 to increase to $200,000 the cost of used property which is eligible for the investment tax credit.
Used Machinery Investment Credit Adjustment Act of 1979 - Amends the Internal Revenue Code to increase from $100,000 to $200,000 the cost of used property which is eligible for the investment tax credit.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
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