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S 2615 116th Congress Senate Taxation Building construction Historic sites and heritage areas Income tax credits Residential rehabilitation and home repair Tax-exempt organizations

Historic Tax Credit Growth and Opportunity Act of 2019

Introduced: October 16, 2019 Introduced by: Cassidy, Bill Republican · Louisiana See on congress.gov
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 16, 2019
Read twice and referred to the Committee on Finance.
Oct 16, 2019
Introduced in Senate
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 Plain-English summary Congressional Research Service

Historic Tax Credit Growth and Opportunity Act of  2019

This bill increases the rehabilitation tax credit and modifies certain requirements for the credit.

The bill increases the rate of the credit to 30%  for small projects (rehabilitation expenditures not exceeding $3.75 million) and caps the credit for such projects at $750,000 for all taxable years.

The bill also expands the types of buildings eligible for rehabilitation by decreasing the rehabilitation threshold from 100% to 50% of project expenses. It also eliminates the basis adjustment requirement for the credit and modifies rules relating to the eligibility of tax-exempt use property for the credit.

What's happening now October 16, 2019

Read twice and referred to the Committee on Finance.

 Related & companion bills 1
  • HR 2825 Related bill Historic Tax Credit Growth and Opportunity Act of 2019
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 9
All 9 Democratic 5 Republican 4
R
Hyde-Smith, Cindy
Mississippi · Mar 12, 2020
 R
Wicker, Roger F.
Mississippi · Mar 12, 2020
 D
Duckworth, Tammy
Illinois · Feb 4, 2020
 D
Reed, Jack
Rhode Island · Feb 4, 2020
 D
Warner, Mark R.
Virginia · Nov 19, 2019
 R
Moran, Jerry
Kansas · Nov 12, 2019
 D
Whitehouse, Sheldon
Rhode Island · Nov 12, 2019
 D
Cantwell, Maria
Washington · Oct 16, 2019
 R
Collins, Susan M.
Maine · Oct 16, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2615: Historic Tax Credit Growth and Opportunity Act of 2019. 116th Congress. Open America. https://openamerica.io/bill/116-S-2615/
MLA
"S. 2615: Historic Tax Credit Growth and Opportunity Act of 2019." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-2615/.
Bluebook (legal)
S. 2615, 116th Cong. (2026), https://openamerica.io/bill/116-S-2615/.
Markdown link
[S. 2615: Historic Tax Credit Growth and Opportunity Act of 2019](https://openamerica.io/bill/116-S-2615/)
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