Historic Tax Credit Improvement Act of 2015
Official title: To amend the Internal Revenue Code of 1986 to improve the Historic Rehabilitation Tax Credit, and for other purposes.
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Referred to the House Committee on Ways and Means.
Historic Tax Credit Improvement Act of 2015
This bill amends the Internal Revenue Code, with respect to the tax credit for the rehabilitation of buildings and historic structures, to: (1) allow an increased 30% credit, up to $750,000, for projects with rehabilitation expenditures not exceeding $3.75 million, for which no credit was allowed in either of the 2 prior taxable years (smaller projects); (2) allow the transfer of tax credit amounts for smaller projects; (3) treat a building as substantially rehabilitated if rehabilitation expenditures exceed the greater of 50% of the adjusted basis of the building or $5,000 (currently, the greater of the adjusted basis of the building or $5,000); (4) exempt from tax the proceeds of a state historic tax; and (5) set forth special rules for the tax treatment of tax-exempt use property and functionally-related historic structures.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 3846: Historic Tax Credit Improvement Act of 2015. 114th Congress. Open America. https://openamerica.io/bill/114-HR-3846/
"H.R. 3846: Historic Tax Credit Improvement Act of 2015." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-3846/.
H.R. 3846, 114th Cong. (2026), https://openamerica.io/bill/114-HR-3846/.
[H.R. 3846: Historic Tax Credit Improvement Act of 2015](https://openamerica.io/bill/114-HR-3846/)