investment tax credit

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

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

Example Sentences

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

From Seattle Times

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

From Reuters

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

From Reuters

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

From Seattle Times

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

From Reuters