US Congress Senate Bill 2074 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on February 6 2012 - 25% progression, died in committee
Action: 2012-02-06 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Creating American Prosperity through Preservation Act of 2012 - 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 of 2012

Sen. Benjamin Cardin [D-MD]	Sen. Susan Collins [R-ME]	Sen. Mary Landrieu [D-LA]	Sen. Bernard Sanders [I-VT]
Sen. Charles Schumer [D-NY]	Sen. Olympia Snowe [R-ME]	Sen. Debbie Stabenow [D-MI]

Date	Chamber	Action
2012-02-06	Senate	Read twice and referred to the Committee on Finance.

HB2479 (Related) 2011-07-08 - Referred to the House Committee on Ways and Means.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/senate-bill/2074/all-info
Text	https://www.congress.gov/112/bills/s2074/BILLS-112s2074is.pdf