• Corpus ID: 43011612

Table 1 Statutory Rates For The Investment Tax Credit In The United States ( percent ) Effective Business Special Public Date Capital + Purpose Utility Beginning Equipment Structures Property

@inproceedings{Chirinko1999Table1S,
  title={Table 1 Statutory Rates For The Investment Tax Credit In The United States ( percent ) Effective Business Special Public Date Capital + Purpose Utility Beginning Equipment Structures Property},
  author={Robert S. Chirinko},
  year={1999}
}
Investment tax credits are reductions in tax liabilities determined as a percentage of the price of a purchased asset. Starting with the Revenue Act of 1962, the investment tax credit (ITC) has been set at various rates, suspended, reinstated, repealed, resurrected, increased, and then eliminated completely in the Tax Reform Act of 1986. Reinstituting the ITC was part of the Clinton Administration's initial economic proposal to Congress, but it was not part of the 1993 budget bill enacted into… 

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