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S 342 101th Congress Senate Taxation Accounting Business losses Housing and Community Development Housing finance Income tax Investment tax credit Investments Low-income housing Residential rehabilitation Tax credits

Community Revitalization Tax Act of 1989

Introduced: February 2, 1989 See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 2, 1989
Read twice and referred to the Committee on Finance.
Feb 2, 1989
Introduced in Senate
 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.

What's happening now February 2, 1989

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1