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HR 6175 116th Congress House Taxation Building construction Historic sites and heritage areas Income tax credits Infrastructure development Low- and moderate-income housing Public transit State and local government operations

REHAB Act of 2020

Introduced: March 10, 2020 See on congress.gov
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 10, 2020
Referred to the House Committee on Ways and Means.
Mar 10, 2020
Introduced in House
 Plain-English summary Congressional Research Service

Revitalizing Economies, Housing, And Businesses Act of 2020 or the REHAB Act of 2020

This bill modifies provisions relating to the rehabilitation tax credit. Specifically, the bill allows an increased 15% credit for non-historic buildings placed in service 50 years prior to the current calendar year. It also allows the credit for buildings within a half-mile of public transportation facilities, for residential lodging purposes, and for expenses related to building expansion on the same block as a qualified rehabilitation building.

The bill allows a 25% credit for rent-restricted housing units and for expenses related to public infrastructure projects required by state or local governments as a condition of project completion.

What's happening now March 10, 2020

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1