HR 1483 117th 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 2021

Introduced: March 2, 2021 See on congress.gov

Everywhere this bill has been 3 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Mar 2, 2021

Referred to the House Committee on Ways and Means.

Mar 2, 2021

Sponsor introductory remarks on measure. (CR E189)

Mar 2, 2021

Introduced in House

Plain-English summary Congressional Research Service

Revitalizing Economies, Housing, And Businesses Act of 2021 or the REHAB Act of 2021

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 2, 2021

Referred to the House Committee on Ways and Means.

Committees of jurisdiction 1