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IN THE HOUSE OF REPRESENTATIVES
To provide a job development investment credit to reduce
6 other sections not shown
accumulated DISC income Act Sec adjusted basis adjusted gross income amended by adding amended by striking amortization apply August 15 basis bill provides Bill Sec billion carryback carryovers committee December 31 deemed distribution delegate depreciation determined DISC or former DISC's dividends domestic earnings and profits election eligible end thereof excess excise tax expenses export property export trade corporation extent foreign corporation former DISC gross receipts House bill incentive program income tax individual inserting in lieu Internal Revenue Code Internal Revenue Service investment credit itemized deductions lease lessor lieu thereof light-duty trucks limitation low-income allowance manufacturer married couple ordinary income ovor paragraph payments percent personal exemption prescribed present law previously taxed income producer's loans purposes qualified export receipts refund regulations relating rental repeal respect rules Secretary Senate amendment shareholders standard deduction subparagraph subsection tax credit taxable years beginning taxpayer thereof the following tion treated United withholding