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S 584 110th Congress Senate Taxation Building construction Collection of accounts Commemorations Commerce Condominium (Housing) Depressed areas Economics and Public Finance Historic sites History Housing and Community Development Income tax Investment tax credit Leases Low-income housing Maintenance and repair Office buildings Rental housing Residential rehabilitation Tax credits

Community Restoration and Revitalization Act of 2007

Introduced: February 14, 2007 See on congress.gov
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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
Read twice and referred to the Committee on Finance.
Feb 14, 2007
Introduced in Senate
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 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.

What's happening now February 14, 2007

Read twice and referred to the Committee on Finance.

 Related & companion bills 1
  • HR 1043 Related bill Community Restoration and Revitalization Act of 2007
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1 Independent 1
D
Durbin, Richard J.
Illinois · Jun 10, 2008
 I
Sanders, Bernard
Vermont · May 6, 2008
Cite this page click to expand
APA
U.S. Congress. (2026). S. 584: Community Restoration and Revitalization Act of 2007. 110th Congress. Open America. https://openamerica.io/bill/110-S-584/
MLA
"S. 584: Community Restoration and Revitalization Act of 2007." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-S-584/.
Bluebook (legal)
S. 584, 110th Cong. (2026), https://openamerica.io/bill/110-S-584/.
Markdown link
[S. 584: Community Restoration and Revitalization Act of 2007](https://openamerica.io/bill/110-S-584/)
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