US HB3715 | 2009-2010 | 111th Congress
Status
Spectrum: Moderate Partisan Bill (Democrat 66-10)
Status: Introduced on October 1 2009 - 25% progression, died in committee
Action: 2009-10-01 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on October 1 2009 - 25% progression, died in committee
Action: 2009-10-01 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Community Restoration and Revitalization Act of 2009 - Amends the Internal Revenue Code relating to the building rehabilitation tax credit to: (1) allow an increased 30% credit for projects involving $7.5 million or less in rehabilitation expenditures; (2) allow rehabilitated buildings used for lodging to qualify for such credit; (3) establish a 50-year placed-in-service requirement for non-historic rehabilitated buildings; (4) allow such credit for certain tax-exempt use property; (5) provide for the transferability of such credit; (6) increase the energy efficiency tax credit allowed to rehabilitated buildings; and (7) exempt from taxation refunds attributable to state historic tax credits.
Title
Community Restoration and Revitalization Act of 2009
Sponsors
History
Date | Chamber | Action |
---|---|---|
2009-10-01 | Referred to the House Committee on Ways and Means. |
Same As/Similar To
SB1743 (Related) 2009-10-01 - Referred to the Committee on Finance.
Subjects
Building construction
Energy efficiency and conservation
Historic sites and heritage areas
Income tax credits
Income tax exclusion
Residential rehabilitation and home repair
Tax-exempt organizations
Taxation
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/111th-congress/house-bill/3715/all-info |
Text | https://www.congress.gov/111/bills/hr3715/BILLS-111hr3715ih.pdf |