US HB2479 | 2011-2012 | 112th Congress
Status
Spectrum: Moderate Partisan Bill (Democrat 42-10)
Status: Introduced on July 8 2011 - 25% progression, died in committee
Action: 2011-07-08 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on July 8 2011 - 25% progression, died in committee
Action: 2011-07-08 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Creating American Prosperity through Preservation Act of 2011 - Amends the Internal Revenue Code, with respect to tax credits for building rehabilitation expenditures, to: (1) allow an increased 30% credit for projects involving $7.5 million or less in rehabilitation expenditures, (2) provide for an additional 2% credit amount for a building that is a qualified energy efficient rehabilitated building (increased energy efficiency of 30% or more), (3) change the placed-in-service requirement for non-historic rehabilitated buildings from before 1936 to 50 years prior to the year in which qualified rehabilitation expenditures are taken into account, and (4) exempt from tax the proceeds of a state historic tax credit.
Title
Creating American Prosperity through Preservation Act of 2011
Sponsors
History
Date | Chamber | Action |
---|---|---|
2011-07-08 | House | Referred to the House Committee on Ways and Means. |
Same As/Similar To
SB2074 (Related) 2012-02-06 - Read twice and referred to the Committee on Finance.
Subjects
Administrative law and regulatory procedures
Building construction
Department of the Treasury
Energy efficiency and conservation
Historic sites and heritage areas
Income tax credits
Income tax exclusion
Residential rehabilitation and home repair
Tax-exempt organizations
Taxation
Building construction
Department of the Treasury
Energy efficiency and conservation
Historic sites and heritage areas
Income tax credits
Income tax exclusion
Residential rehabilitation and home repair
Tax-exempt organizations
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/112th-congress/house-bill/2479/all-info |
Text | https://www.congress.gov/112/bills/hr2479/BILLS-112hr2479ih.pdf |