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HR 2138 104th Congress House

Commercial Revitalization Tax Act of 1995

Official title: To amend the Internal Revenue Code of 1986 to provide a tax credit for investment necessary to revitalize communities within the United States, and for other purposes.

Introduced: February 28, 1996 See on congress.gov
Taxation Building constructionBuildingsCommerceDepreciation and amortization
More subjectsShow fewer subjects
Depressed areasEconomics and Public FinanceEnterprise zonesFederal aid to community developmentFederal aid to housingHousing and Community DevelopmentIncome taxIndustrial buildingsInvestment tax creditUrban affairs
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This bill died when the 104th Congress ended
It never became law before the 104th Congress (1995–1996) 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
Jul 28, 1995
Referred to the House Committee on Ways and Means.
Jul 28, 1995
Introduced in House
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 Latest action July 28, 1995

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Commercial Revitalization Tax Act of 1995 - Amends the Internal Revenue Code to allow an investment tax credit equal to a percentage of expenditures for depreciable property in connection with the rehabilitation or reconstruction of a nonresidential building located in: (1) an empowerment zone or enterprise community; (2) an area established pursuant to a consolidated planning process for the use of Federal housing and community development funds; or (3) a low-income commercial revitalization district specially designated by a State or local government which is not primarily a nonresidential central business district. Requires, for qualification of such expenditures, that they exceed 25 percent of the fair market value of the building before rehabilitation.

Imposes a State ceiling on the availability of the credit.

 Related & companion bills 2
  • HR 2097 Identical bill Commercial Revitalization Tax Act of 1995
  • HR 2163 Identical bill Commercial Revitalization Tax Act of 1995
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 9
All 9 Democratic 3 Republican 1
QUINN, JACK
· Aug 2, 1996
HOUGHTON, AMO
· Apr 25, 1996
 D
Bishop, Sanford D.
Georgia · Feb 28, 1996
Burr, Richard
· Feb 28, 1996
COMBEST, LARRY
· Feb 28, 1996
FROST, MARTIN
· Feb 28, 1996
 D
Thompson, Bennie G.
Mississippi · Feb 28, 1996
 R
Graham, Lindsey
South Carolina · Nov 10, 1995
 D
Clyburn, James E.
South Carolina · Sep 28, 1995
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2138: Commercial Revitalization Tax Act of 1995. 104th Congress. Open America. https://openamerica.io/bill/104-HR-2138/
MLA
"H.R. 2138: Commercial Revitalization Tax Act of 1995." 104th Congress, 2026, Open America, https://openamerica.io/bill/104-HR-2138/.
Bluebook (legal)
H.R. 2138, 104th Cong. (2026), https://openamerica.io/bill/104-HR-2138/.
Markdown link
[H.R. 2138: Commercial Revitalization Tax Act of 1995](https://openamerica.io/bill/104-HR-2138/)
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