Summary: H.R.5616 — 102nd Congress (1991-1992)All Information (Except Text)

There is one summary for H.R.5616. Bill summaries are authored by CRS.

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Introduced in House (07/09/1992)

American Jobs Investment Act of 1992 - Amends the Internal Revenue Code to allow a tax credit after December 31, 1991, and before January 1, 1997, for qualified investment in American-made property. Describes such property as that completed in the United States and at least 70 percent of the basis of which is attributable to value added within the United States.

Increases such tax credit for investment in such property where the labor was performed by union employees.