investment tax credit

An amount that businesses are allowed by law to deduct from their taxes, reflecting an amount they reinvest in themselves.

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Investment tax credits are structured to reward and encourage economic growth.

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Example Sentences

Examples have not been reviewed.

In addition to the $6.4 billion, Samsung has indicated it also will claim an investment tax credit from the U.S.

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It also includes a 25% investment tax credit for building chip plants estimated to be worth $24 billion.

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Other guidance expected before the end of 2023 includes Section 48 clean power investment tax credit and clean hydrogen tax credits.

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The proposals include a 30% investment tax credit for large-scale projects as well as coordinated agency reviews and early stakeholder engagement.

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The law also created a 25% investment tax credit for building new chip factories, or fabs, that is worth $24 billion.

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