HR 3715 111th Congress House Taxation Building construction Energy efficiency and conservation Historic sites and heritage areas Income tax credits Income tax exclusion Residential rehabilitation and home repair Tax-exempt organizations

Community Restoration and Revitalization Act of 2009

Introduced: October 1, 2009 See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Oct 1, 2009

Referred to the House Committee on Ways and Means.

Oct 1, 2009

Introduced in House

Plain-English summary Congressional Research Service

Community Restoration and Revitalization Act of 2009 - Amends the Internal Revenue Code relating to the building rehabilitation tax credit to: (1) allow an increased 30% credit for projects involving $7.5 million or less in rehabilitation expenditures; (2) allow rehabilitated buildings used for lodging to qualify for such credit; (3) establish a 50-year placed-in-service requirement for non-historic rehabilitated buildings; (4) allow such credit for certain tax-exempt use property; (5) provide for the transferability of such credit; (6) increase the energy efficiency tax credit allowed to rehabilitated buildings; and (7) exempt from taxation refunds attributable to state historic tax credits.

What's happening now October 1, 2009

Referred to the House Committee on Ways and Means.

Committees of jurisdiction 1