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
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
Plain-English summary
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
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1