SEC. 936 TAX CREDIT CAP INCREASED IN ARCHER SUBSTITUTE: COMPANIES COULD CLAIM INFLATION ADJUSTED AVERAGE FROM 1990-94 PLUS 5% COMPOUNDED ANNUALLY
This article was originally published in The Gray Sheet
Executive Summary
The House Ways & Means Committee version of the Sec. 936 tax credit would allow some room for growth of industry tax benefits during the 10-year phase out of the Puerto Rican possession credits.