The structure of the investment tax credit.
Since the introduction as a tax incentive to encourage capital investment credit has been repeated, reinstated and modified several times. In essence, the ITC provides a credit against the taxes of an institution purchasing qualified equipment. The amount of the credit percentage has varied over the years, but the Revenue Act of 1978 made the percentage permanent at 10%.
D002201:Capital Expenditures; D004467:Economics; D004865:Equipment and Supplies, Hospital / Q000191:economics*; D007449:Investments; D013660:Taxes; D014481:United States