Summary: H.R.3644 — 97th Congress (1981-1982)All Information (Except Text)

There is one summary for H.R.3644. Bill summaries are authored by CRS.

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Introduced in House (05/20/1981)

Amends the Internal Revenue Code to increase from $100,000 to $300,000 the allowable cost of used property eligible for the investment tax credit. Provides for a three-year carryback and a seven-year carryover of amounts which exceed such limitation.