recapture of investment tax credit

recapture of investment tax credit
When investment credit property is disposed of or ceases to be used in the trade or business of the taxpayer, some of the investment tax credit claimed on such property may be recaptured as additional tax liability. The amount of the recapture (by IRS) is the difference between the amount of the credit originally claimed and what should have been claimed in light of the length of time the property was actually held or used for qualifying purposes.
See investment tax credit.

Black's law dictionary. . 1990.

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