A bill to amend the Internal Revenue Code of 1954 to encourage employment and the modernization of manufacturing plants by providing an additional investment credit for machinery placed in service in existing manufacturing plants or in nearby plants.
Investment Tax Credit Act of 1981 - Amends the Internal Revenue Code to allow a double investment tax credit for machinery and equipment placed in service in existing manufacturing plants located in high unemployment areas or in nearby areas.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
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