S 1743
111th Congress
Senate
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
A bill to amend the Internal Revenue Code of 1986 to expand the rehabilitation credit, and for other purposes.
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 Committee on Finance.
Oct 1, 2009
Introduced in Senate
Plain-English summary
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
Referred to the Committee on Finance.
Committees of jurisdiction
1