Investment Tax Credits
Certain investment activities are eligible for special tax credits under State and Federal tax code. There are a range of activities that are usually referred to as "qualified investments" Most refer to activities surrounding the rehabilitation of certain normal and historic buildings, activities that invest in the development or implementation of cleaner and more efficient methods of developing and utilizing fuels or energy or activities surrounding the redevelopment of areas that have a great need for revitalization.
Other credits include an "investment" as a required component of another credit, such as a state Job Tax Credit. This situation could require an employer not only to hire new workers, but also make a minimum investment in property or equipment.