A bill to amend the Internal Revenue Code of 1954 to provide a doubling of investment tax credit for used section 38 property by raising the $100,000 limitation on such property to $200,000.
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 Senate
Referred to Senate Committee on Finance.
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