Creating American Prosperity through Preservation Act of 2012
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Creating American Prosperity through Preservation Act of 2012 - Amends the Internal Revenue Code, with respect to tax credits for building rehabilitation expenditures, to: (1) allow an increased 30% credit for projects involving $7.5 million or less in rehabilitation expenditures, (2) provide for an additional 2% credit amount for a building that is a qualified energy efficient rehabilitated building (increased energy efficiency of 30% or more), (3) change the placed-in-service requirement for non-historic rehabilitated buildings from before 1936 to 50 years prior to the year in which qualified rehabilitation expenditures are taken into account, and (4) exempt from tax the proceeds of a state historic tax credit.
Read twice and referred to the Committee on Finance.
- Introduced in Senate Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). S. 2074: Creating American Prosperity through Preservation Act of 2012. 112th Congress. Open America. https://openamerica.io/bill/112-S-2074/
"S. 2074: Creating American Prosperity through Preservation Act of 2012." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-S-2074/.
S. 2074, 112th Cong. (2026), https://openamerica.io/bill/112-S-2074/.
[S. 2074: Creating American Prosperity through Preservation Act of 2012](https://openamerica.io/bill/112-S-2074/)