investment tax credit
An amount that businesses are allowed by law to deduct from their taxes, reflecting an amount they reinvest in themselves.
Nearby words
investment bank, investment bond, investment casting, investment company, investment compound, investment tax credit, investment trust, inveteracy, inveterate, inviable, invidious
Note
Investment tax credits are structured to reward and encourage economic growth.
The New Dictionary of Cultural Literacy, Third Edition
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