Skip to main content
S 2511 117th Congress Senate Taxation Building construction Housing supply and affordability Income tax credits Urban and suburban affairs and development

Revitalizing Downtowns Act

Introduced: July 28, 2021 See on congress.gov
Sign in to write a letter Sign in to watch
This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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
Jul 28, 2021
Read twice and referred to the Committee on Finance.
Jul 28, 2021
Introduced in Senate
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Plain-English summary Congressional Research Service

Revitalizing Downtowns Act

This bill expands the investment tax credit to add a qualified office conversion credit. The amount of such credit is 20% of the qualified conversion expenditures with respect to a qualified converted building. The bill defines qualified converted building as any building if (1) prior to conversion, the building was nonresidential real property which was leased, or available for lease, to office tenants; (2) the building has been substantially converted from an office use to a residential, retail, or other commercial use; (3) the building was initially placed in service at least 25 years prior to the beginning of the conversion, and (4) straight line depreciation is allowable with respect to the building.

What's happening now July 28, 2021

Read twice and referred to the Committee on Finance.

 Related & companion bills 1
  • HR 4759 Identical bill Revitalizing Downtowns Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 2
D
Padilla, Alex
California · Oct 28, 2021
 D
Peters, Gary C.
Michigan · Jul 28, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2511: Revitalizing Downtowns Act. 117th Congress. Open America. https://openamerica.io/bill/117-S-2511/
MLA
"S. 2511: Revitalizing Downtowns Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-2511/.
Bluebook (legal)
S. 2511, 117th Cong. (2026), https://openamerica.io/bill/117-S-2511/.
Markdown link
[S. 2511: Revitalizing Downtowns Act](https://openamerica.io/bill/117-S-2511/)
Report a problem