General Business Tax Credit

What is ‘General Business Tax Credit’

The total value of all the individual credits to be applied against income on a tax return. This credit can be carried forward for a number of years in most cases and can also be carried back in some cases.

Explaining ‘General Business Tax Credit’

The General Business Tax Credit is unique in that it is not a single separate credit. Instead, it represents a smorgasboard of specific tax credits that promote certain business activities, such as research, oil recovery, reforestation, or starting a pension plan. Each credit is tallied up on a separate form first, then carried over to the General Business Tax Credit Form 3800.

Further Reading

  • Tax reforms to influence corporate financial policy: the case of the Italian business tax reform of 1997-98 – [PDF]
  • Simulating the effects of the tax credit program of the Michigan Economic Growth Authority on job creation and fiscal benefits – [PDF]
  • Federal financing of child care: Alternative approaches and economic implications – [PDF]
  • A cross‐national comparison of R&D expenditure decisions: tax incentives and financial constraints – [PDF]
  • Tax policy and business fixed investment revisited – [PDF]
  • Tax incentives for affordable housing: the low income housing tax credit – [PDF]
  • Simulating the effects of Michigan's MEGA tax credit program on job creation and fiscal benefits – [PDF]
  • The central role of credit crunches in recent financial history – [PDF]
  • Economic, administrative, and political factors in choosing a general consumption tax – [PDF]