Fall/Winter 1980, Vol 5, No 2

Abstract: Government actions in recent years have sought to encourage revitalization through neighborhood rehabilitation. The Revenue Act of 1978 together with The Energy Act of 1978 provide tax incentives to urban reinvestment in commercial as well as residential properties, building upon the framework of the 1977 Community Reinvestment Act. This article discusses investment tax credits, depreciation allowances and the alternate minimum tax as laid down in this legislation, and considers some likely effects.