§ 2020. Definitions.
§ 2020. Definitions. As used in this subchapter: (1) “Commercial activity” is an activity constituting a business licensable under § 2301 of this title, other than any of the following business: Amusement conductor, amusement park operator, auctioneer, automobile race operator, bowling alley operator, circus exhibitor, entertainment agent, finance or small loan agency, floor show operator, […]
§ 2021. Credit against corporation income tax for investment and employment in targeted areas.
§ 2021. Credit against corporation income tax for investment and employment in targeted areas. (a) In the case of any taxpayer that: (1) Places in service, within any targeted area, as defined by § 2020(3)a. through c. of this title and § 2020(3)d. of this title [repealed], a qualified facility in which the taxpayer is […]
§ 2022. Reduction in license fees for investment and employment in targeted areas.
§ 2022. Reduction in license fees for investment and employment in targeted areas. (a) Any taxpayer that: (1) Places in service, within any targeted area as defined by § 2020(3)a. through c. of this title and § 2020(3)d. of this title [repealed], a qualified facility in which the taxpayer is engaged in a qualified activity […]
§ 2024. Credit against personal income tax.
§ 2024. Credit against personal income tax. Notwithstanding any reference in this chapter to Chapter 19 of this title, any taxpayer not subject to taxation under Chapter 19 of this title may claim the credits allowable under § 2011, § 2021, § 2040 or § 2070 of this title against the tax imposed by Chapter […]