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HR 1043 110th Congress House

Community Restoration and Revitalization Act of 2007

Official title: To amend the Internal Revenue Code of 1986 to modify the rehabilitation credit and the low-income housing credit.

Introduced: March 10, 2008 See on congress.gov
Taxation Building constructionCollection of accountsCommemorationsCommerce
More subjectsShow fewer subjects
Condominium (Housing)Depressed areasEconomics and Public FinanceHistoric sitesHistoryHousing and Community DevelopmentIncome taxInvestment tax creditLeasesLow-income housingMaintenance and repairOffice buildingsRental housingResidential rehabilitationTax creditsTax-exempt organizationsValuation
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This bill died when the 110th Congress ended
It never became law before the 110th Congress (2007–2008) 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 14, 2007
Referred to the House Committee on Ways and Means.
Feb 14, 2007
Introduced in House
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 Latest action February 14, 2007

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Community Restoration and Revitalization Act of 2007 - Amends the Internal Revenue Code to: (1) allow an increased rehabilitation tax credit for certain low-income buildings; (2) allow a basis reduction adjustment for property eligible for the credit; (3) increase the credit for certain smaller buildings; (4) allow property eligible for the credit to be used for lodging purposes; (5) modify placed-in-service rules for credit property; (6) modify qualification rules for credit property that is tax-exempt use property; (7) increase the credit for buildings in high cost areas; and (8) exempt certain condominium transactions from rehabilitation tax credit recapture requirements.

 Related & companion bills 1
  • S 584 Related bill Community Restoration and Revitalization Act of 2007
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 23
All 23 Democratic 19 Republican 2
D
Gillibrand, Kirsten E.
New York · Mar 10, 2008
 D
Nadler, Jerrold
New York · Mar 10, 2008
 D
DeGette, Diana
Colorado · Jan 15, 2008
 D
Welch, Peter
Vermont · Dec 5, 2007
 D
Clarke, Yvette D.
New York · Oct 15, 2007
 D
Courtney, Joe
Connecticut · Sep 17, 2007
 D
Van Hollen, Chris
Maryland · Sep 5, 2007
 D
Lofgren, Zoe
California · Jul 26, 2007
 D
DeLauro, Rosa L.
Connecticut · Jun 27, 2007
CHRISTENSEN, DONNA
· Jun 22, 2007
 D
McGovern, James P.
Massachusetts · Jun 5, 2007
 D
Larson, John B.
Connecticut · May 23, 2007
 D
Murphy, Christopher
Connecticut · Apr 24, 2007
 R
Walberg, Tim
Michigan · Apr 24, 2007
Boyda, Nancy
· Mar 19, 2007
 D
Cuellar, Henry
Texas · Mar 7, 2007
 D
Davis, Danny K.
Illinois · Mar 7, 2007
 D
Cohen, Steve
Tennessee · Mar 1, 2007
 D
McCollum, Betty
Minnesota · Feb 14, 2007
 D
Neal, Richard E.
Massachusetts · Feb 14, 2007
 D
Schakowsky, Janice D.
Illinois · Feb 14, 2007
 D
Schiff, Adam B.
California · Feb 14, 2007
 R
Turner, Michael R.
Ohio · Feb 14, 2007
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1043: Community Restoration and Revitalization Act of 2007. 110th Congress. Open America. https://openamerica.io/bill/110-HR-1043/
MLA
"H.R. 1043: Community Restoration and Revitalization Act of 2007." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-HR-1043/.
Bluebook (legal)
H.R. 1043, 110th Cong. (2026), https://openamerica.io/bill/110-HR-1043/.
Markdown link
[H.R. 1043: Community Restoration and Revitalization Act of 2007](https://openamerica.io/bill/110-HR-1043/)
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