US Congress House Bill 5655 (Prior Session Legislation)

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Spectrum: Moderate Partisan Bill (Democrat 17-4)
Status: Introduced on September 18 2014 - 25% progression, died in committee
Action: 2014-09-18 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Creating American Prosperity through Preservation Act - 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.

Creating American Prosperity through Preservation Act

Rep. Aaron Schock [R-IL]	Rep. Earl Blumenauer [D-OR]	Rep. Suzanne Bonamici [D-OR]	Rep. Charles Boustany [R-LA]
Rep. G. Butterfield [D-NC]	Rep. Emanuel Cleaver [D-MO]	Rep. Elijah Cummings [D-MD]	Rep. Suzan DelBene [D-WA]
Rep. Raul Grijalva [D-AZ]	Rep. Brian Higgins [D-NY]	Rep. Marcy Kaptur [D-OH]	Rep. Mike Kelly [R-PA]
Rep. Ron Kind [D-WI]	Rep. Daniel Maffei [D-NY]	Rep. James McGovern [D-MA]	Rep. Richard Neal [D-MA]
Rep. Charles Rangel [D-NY]	Rep. Tom Reed [R-NY]	Rep. Louise Slaughter [D-NY]	Rep. Paul Tonko [D-NY]
Rep. Niki Tsongas [D-MA]

Date	Chamber	Action
2014-09-18	House	Referred to the House Committee on Ways and Means.

SB1141 (Related) 2013-06-11 - Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/house-bill/5655/all-info
Text	https://www.congress.gov/113/bills/hr5655/BILLS-113hr5655ih.pdf