Skip to content
PoliticalRepoPoliticalRepo

United States · Bill · HR

H.R. 1785 (118th)

Historic Tax Credit Growth and Opportunity Act of 2023

referredUnited States· United States Congress· EN

Introduced

24 March 2023

Last action

24 March 2023 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. LaHood, Darin [R-IL-16], Rep. Blumenauer, Earl [D-OR-3], Rep. Kelly, Mike [R-PA-16], Rep. Sewell, Terri A. [D-AL-7], Rep. Turner, Michael R. [R-OH-10], Rep. Higgins, Brian [D-NY-26], Rep. Kustoff, David [R-TN-8], Rep. Kilmer, Derek [D-WA-6], Rep. Doggett, Lloyd [D-TX-37], Rep. Ross, Deborah K. [D-NC-2], Rep. Smith, Adam [D-WA-9], Rep. Kildee, Daniel T. [D-MI-5], Rep. Tenney, Claudia [R-NY-24], Rep. Schneider, Bradley Scott [D-IL-10], Rep. Ferguson, A. Drew, IV [R-GA-3], Rep. Carey, Mike [R-OH-15], Rep. Perez, Marie Gluesenkamp [D-WA-3], Rep. Bacon, Don [R-NE-2], Del. Plaskett, Stacey E. [D-VI-At Large], Rep. Smucker, Lloyd [R-PA-11], Rep. Hudson, Richard [R-NC-8], Rep. Kaptur, Marcy [D-OH-9], Rep. Carter, Troy A. [D-LA-2], Rep. Gomez, Jimmy [D-CA-34], Rep. Kelly, Trent [R-MS-1], Rep. Graves, Garret [R-LA-6], Rep. Evans, Dwight [D-PA-3], Rep. Finstad, Brad [R-MN-1], Rep. McCollum, Betty [D-MN-4], Rep. Moore, Gwen [D-WI-4], Rep. Cohen, Steve [D-TN-9], Rep. Wagner, Ann [R-MO-2], Rep. Thompson, Glenn [R-PA-15], Rep. Johnson, Bill [R-OH-6], Rep. Flood, Mike [R-NE-1], Rep. Wenstrup, Brad R. [R-OH-2], Rep. Pingree, Chellie [D-ME-1], Rep. Beyer, Donald S. [D-VA-8], Rep. Bucshon, Larry [R-IN-8], Rep. Carter, Earl L. "Buddy" [R-GA-1], Rep. Tonko, Paul [D-NY-20], Rep. Kelly, Robin L. [D-IL-2], Rep. DelBene, Suzan K. [D-WA-1], Rep. Miller, Carol D. [R-WV-1], Rep. Fitzpatrick, Brian K. [R-PA-1], Rep. Jackson, Jonathan L. [D-IL-1], Rep. Davids, Sharice [D-KS-3], Rep. Ramirez, Delia C. [D-IL-3]

Subjects

Taxation

Source updated

5 October 2024

Taxation

Official sourceDownload fileView documentsShare

Summary

Historic Tax Credit Growth and Opportunity Act of 2023 This bill increases the rehabilitation tax credit and modifies certain requirements for the credit. The bill increases the rate of the credit for qualified rehabilitation expenditures in taxable years beginning after December 31, 2020, and before January 1, 2028, after which the rate reverts to 20%. The bill increases the rate of the credit to 30% for certain small projects whose qualified rehabilitation expenditures do not exceed $2.5 million. The bill also expands the types of buildings eligible for rehabilitation by decreasing the rehabilitation threshold from 100% to 50% of project expenses. It also eliminates the basis adjustment requirement for the credit and modifies rules relating to tax-exempt use property eligible for the credit.

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

Timeline

  1. 24 March 2023

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 24 March 2023

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 24 March 2023

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

View fileDownload file

This file cannot be previewed here. Use View or Download.

Leesvertaling

Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

  • Introduced in House (text)

    Introduced in House · EN · 24 March 2023

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 24 March 2023

    ViewDownloadOpen at official source

    Leesvertaling

    Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

    Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

  • Introduced in House

    summary · EN · 24 March 2023

    Open at official source

    Leesvertaling

    Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

    Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

Showing 48 of 70 sponsors and actors.

Related records

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.