(ITC) The federal ITC is a 30% tax credit for installing a solar system in your home. You can apply this credit to your tax bill in the following spring.
Proportion of new capital investment that could be used to reduce a company`s tax bill (abolished in 1986).
A tax credit granted for specific types of investments.
Proportion of new capital investment that can be used to reduce a company's tax bill (abolished in 1986). 
A specified percentage of the dollar amount of certain new investments that a company can deduct as a credit against its income tax bill. ... (05 Dec 1998) ... 
Proportion of new capital investment that could be used to reduce a company's tax bill (abolished in
This is a component of the general business credit and consists of the following:
A tax credit granted for specific types of investments.