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Tax reform could strip big firms of 2.5 billion credit
Washington report details how investment credits for equipment would be repealed under tax reform. Major firms including Mobil and Uniroyal seek exemptions citing preexisting contracts and pending certificates. The measure affects 29 pipeline and rail firms with widespread implications across 43 states.
MENTIONED IN THIS ARTICLE
Washington
Lion
Congress
Horse Ways and Means Committee
Mob
Uniroyal Inc. Lykesj
Steamship Co
Lockheed Air-levenl
Craft Corp
WcDonnell-Douglas' Corp
Seatrain Shipbuilding
Huation
Federal Power Commission
Bush
PPC
Wilbur DB. Mills
D-Ark
Jes Brown
Wallace F. Charl
Bennett
R-Uteh
Cuaiee Mn
Everett M. Dirk
Los Angeles
Tennaco, Inc
Tenneca Contrals East Tennessee Natural Gas Co
Mills
James ©. Corman
Dculif
Tse
Robert Miller
Tennece
Corman
Mobile
Uniroyal
Senate Finance Committee
Ardmore
Okla
Carl Albert
U-Okla
Yonse
Uni- Royal
Ino
Wred Hacks
D-Oxla
Democratic National Committee
Jolid