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HR 2488 109th Congress House Taxation Building construction Commemorations Commerce Government Operations and Politics Historic sites History Housing and Community Development Income tax Local taxation Residential rehabilitation State taxation Tax credits Tax exclusion Tax refunds Valuation

Historic Rehabilitation Enhancement Act of 2005

Introduced: May 19, 2005 See on congress.gov
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This bill died when the 109th Congress ended
It never became law before the 109th Congress (2005–2006) 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
May 19, 2005
Referred to the House Committee on Ways and Means.
May 19, 2005
Introduced in House
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 Plain-English summary Congressional Research Service

Historic Rehabilitation Enhancement Act of 2005 - Provides that: (1) the receipt of a state historic tax credit and the transfer, disposition, or refund of such credit shall not constitute income for income tax purposes, unless the taxpayer elects to include such tax credit amount in income; (2) the adjusted basis of property for which a state historic tax credit is allowed shall be reduced by the tax credit amount; and (3) the transfer or disposition of the state historic tax credit shall not affect or reduce qualified rehabilitation expenditures under the rehabilitation tax credit or trigger recapture of income.

What's happening now May 19, 2005

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Clyburn, James E.
South Carolina · Jul 20, 2006
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2488: Historic Rehabilitation Enhancement Act of 2005. 109th Congress. Open America. https://openamerica.io/bill/109-HR-2488/
MLA
"H.R. 2488: Historic Rehabilitation Enhancement Act of 2005." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-HR-2488/.
Bluebook (legal)
H.R. 2488, 109th Cong. (2026), https://openamerica.io/bill/109-HR-2488/.
Markdown link
[H.R. 2488: Historic Rehabilitation Enhancement Act of 2005](https://openamerica.io/bill/109-HR-2488/)
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