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Investment Credit Loopholes Help Big Firms In Tax Bill
Major firms gain exemptions in a sweeping tax reform bill as 7 percent investment credits face repeal. Mobil and Uniroyal win protections for predated equipment decisions, while 29 pipeline and related companies seek credits for contracts pending April 18.
MENTIONED IN THIS ARTICLE
Washington
Congress
Ivovestment Credit
Lunder
Mobil Ol] Corp
Iun
Nixon
House, Ways and Means Committee
Mobil
House
Ing
Byland Ws
Senate
Finance Committee
Mob- I
Unilegal Inc
Lykes [Steamship Co
Lockheed Airccraft’ Corp
McDonnell-Douplas i Corp
Seatfain Shipbuilding
Federal Power Commission
Rep
George Bush
Texas
Ways and Means
FPC
Bush
Martha Griffiths
Dmidh
Wilbur J. Mills
D-Ark
Los Angeles
Tenneco, Inc
Tenneco Cortrals
Fast Tennessee Natural Gas Co
Mills
James C. Corman
DiCalif
Robert Miller
Tenneco
Corman
Mobile
Uniroyal
Senate Finance Committee