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investment tax credit

investment tax credit in Culture

investment tax credit definition


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

Note: Investment tax credits are structured to reward and encourage economic growth.
The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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