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United States · Bill · HR

H.R. 1158 (115th)

Historic Tax Credit Improvement Act of 2017

referredUnited States· United States Congress· EN

Introduced

16 February 2017

Last action

16 February 2017 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Kelly, Mike [R-PA-16], Rep. Blumenauer, Earl [D-OR-3], Rep. Palazzo, Steven M. [R-MS-4], Rep. Thompson, Bennie G. [D-MS-2], Rep. Richmond, Cedric L. [D-LA-2], Rep. Sewell, Terri A. [D-AL-7], Rep. Harper, Gregg [R-MS-3], Rep. Meehan, Patrick [R-PA-7], Rep. Turner, Michael R. [R-OH-10], Rep. Reichert, David G. [R-WA-8], Rep. Sessions, Pete [R-TX-17], Rep. Kind, Ron [D-WI-3], Rep. Byrne, Bradley [R-AL-1], Rep. Tsongas, Niki [D-MA-3], Rep. McGovern, James P. [D-MA-2], Rep. DelBene, Suzan K. [D-WA-1], Del. Norton, Eleanor Holmes [D-DC-At Large], Rep. Tiberi, Patrick J. [R-OH-12], Rep. Abraham, Ralph Lee [R-LA-5], Rep. Ryan, Tim [D-OH-13], Rep. Stefanik, Elise M. [R-NY-21], Rep. Johnson, Eddie Bernice [D-TX-30], Rep. Kelly, Trent [R-MS-1], Rep. Loebsack, David [D-IA-2], Rep. Beatty, Joyce [D-OH-3], Rep. Higgins, Brian [D-NY-26], Rep. Kelly, Robin L. [D-IL-2], Rep. Cummings, Elijah E. [D-MD-7], Rep. Johnson, Bill [R-OH-6], Sen. Welch, Peter [D-VT], Rep. Blum, Rod [R-IA-1], Rep. Chabot, Steve [R-OH-1], Rep. Faso, John J. [R-NY-19], Rep. Graves, Garret [R-LA-6], Rep. Hurd, Will [R-TX-23], Rep. Lynch, Stephen F. [D-MA-8], Rep. Connolly, Gerald E. [D-VA-11], Rep. Stivers, Steve [R-OH-15], Rep. Lowenthal, Alan S. [D-CA-47], Rep. Larson, John B. [D-CT-1], Rep. Courtney, Joe [D-CT-2], Rep. Pocan, Mark [D-WI-2], Rep. Poliquin, Bruce [R-ME-2], Rep. Butterfield, G. K. [D-NC-1], Rep. Wagner, Ann [R-MO-2], James Renacci, Rep. Katko, John [R-NY-24], Rep. Hill, J. French [R-AR-2]

Subjects

Taxation

Source updated

11 August 2025

Taxation

Summary

Historic Tax Credit Improvement Act of 201 7 This bill amends the Internal Revenue Code, with respect to the tax credit for the rehabilitation of buildings and historic structures, to: (1) allow an increased 30% credit, up to $750,000, for projects with rehabilitation expenditures not exceeding $3.75 million, for which no credit was allowed in either of the two prior taxable years (smaller projects); (2) allow the transfer of tax credit amounts for smaller projects; (3) treat a building as substantially rehabilitated if rehabilitation expenditures exceed the greater of 50% of the adjusted basis of the building or $5,000 (currently, the greater of the adjusted basis of the building or $5,000); (4) reduce the required basis adjustment from 100% of the credit to 50% of the amount of the credit; and (5) limit the application of disqualified lease rules to tax-exempt use property.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 16 February 2017

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 16 February 2017

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 16 February 2017

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 16 February 2017

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  • Introduced in House (PDF)

    Introduced in House · EN · 16 February 2017

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  • Introduced in House

    summary · EN · 16 February 2017

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Sponsors

Showing 48 of 84 sponsors and actors.

Related records

Sources

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