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HR 796 101th Congress House

Community Revitalization Tax Act of 1989

Official title: To amend the Internal Revenue Code of 1986 to provide that certain credits will not be subject to the passive activity rules, and for other purposes.

Introduced: February 2, 1989 See on congress.gov
Taxation AccountingBusiness lossesHousing and Community DevelopmentHousing finance
More subjectsShow fewer subjects
Income taxInvestment tax creditInvestmentsLow-income housingResidential rehabilitationTax credits
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This bill died when the 101st Congress ended
It never became law before the 101st Congress (1989–1990) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 2, 1989
Referred to the House Committee on Ways and Means.
Feb 2, 1989
Introduced in House
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 Latest action February 2, 1989

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Community Revitalization Tax Act of 1989 - Amends Internal Revenue Code income tax accounting rules to treat rehabilitation investment credits and low-income housing credits as credits not derived from passive activities.

Revises the limitation on the general business credit to allow a maximum annual credit equal to the first $20,000 of an individual taxpayer's income tax liability plus 80 percent of any excess liability.

 Related & companion bills 1
  • S 342 Identical bill Community Revitalization Tax Act of 1989
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 5
All 5 Democratic 4 Republican 1
D
Kaptur, Marcy
Ohio · Jun 28, 1989
 D
Mfume, Kweisi
Maryland · Apr 18, 1989
 R
Smith, Christopher H.
New Jersey · Apr 18, 1989
 D
Neal, Richard E.
Massachusetts · Feb 2, 1989
 D
Schumer, Charles E.
New York · Feb 2, 1989
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 796: Community Revitalization Tax Act of 1989. 101st Congress. Open America. https://openamerica.io/bill/101-HR-796/
MLA
"H.R. 796: Community Revitalization Tax Act of 1989." 101st Congress, 2026, Open America, https://openamerica.io/bill/101-HR-796/.
Bluebook (legal)
H.R. 796, 101st Cong. (2026), https://openamerica.io/bill/101-HR-796/.
Markdown link
[H.R. 796: Community Revitalization Tax Act of 1989](https://openamerica.io/bill/101-HR-796/)
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