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United States · Bill · HR

H.R. 2294 (117th)

Historic Tax Credit Growth and Opportunity Act of 2021

referredUnited States· United States Congress· EN

Introduced

1 April 2021

Last action

1 April 2021 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Blumenauer, Earl [D-OR-3], Rep. LaHood, Darin [R-IL-16], Rep. Sewell, Terri A. [D-AL-7], Rep. Higgins, Brian [D-NY-26], Rep. Kaptur, Marcy [D-OH-9], Rep. Fitzpatrick, Brian K. [R-PA-1], Rep. Fortenberry, Jeff [R-NE-1], Rep. Walorski, Jackie [R-IN-2], Rep. McKinley, David B. [R-WV-1], Rep. Ferguson, A. Drew, IV [R-GA-3], Rep. Turner, Michael R. [R-OH-10], Rep. Kelly, Mike [R-PA-16], Rep. Bice, Stephanie I. [R-OK-5], Rep. Miller, Carol D. [R-WV-1], Rep. Brown, Anthony G. [D-MD-4], Rep. Katko, John [R-NY-24], Rep. Beatty, Joyce [D-OH-3], Rep. Kilmer, Derek [D-WA-6], Del. Norton, Eleanor Holmes [D-DC-At Large], Rep. DelBene, Suzan K. [D-WA-1], Rep. Chabot, Steve [R-OH-1], Rep. Delgado, Antonio [D-NY-19], Rep. Omar, Ilhan [D-MN-5], Rep. DeFazio, Peter A. [D-OR-4], Rep. Johnson, Bill [R-OH-6], Rep. Strickland, Marilyn [D-WA-10], Rep. Suozzi, Thomas R. [D-NY-3], Rep. Kildee, Daniel T. [D-MI-5], Rep. Dean, Madeleine [D-PA-4], Rep. Evans, Dwight [D-PA-3], Rep. Boyle, Brendan F. [D-PA-2], Rep. Hudson, Richard [R-NC-8], Rep. Lowenthal, Alan S. [D-CA-47], Rep. Craig, Angie [D-MN-2], Rep. Morelle, Joseph D. [D-NY-25], Rep. Langevin, James R. [D-RI-2], Rep. Westerman, Bruce [R-AR-4], Rep. Smith, Jason [R-MO-8], Rep. Schrier, Kim [D-WA-8], Rep. Carter, Earl L. "Buddy" [R-GA-1], Rep. Thompson, Glenn [R-PA-15], Rep. Stefanik, Elise M. [R-NY-21], Rep. Bacon, Don [R-NE-2], Rep. Bonamici, Suzanne [D-OR-1], Rep. Larsen, Rick [D-WA-2], Rep. Grijalva, Raúl M. [D-AZ-7], Rep. Moore, Gwen [D-WI-4], Rep. McGovern, James P. [D-MA-2]

Subjects

Taxation

Source updated

3 January 2025

Taxation

Official sourceDownload fileView documentsShare

Summary

Historic Tax Credit Growth and Opportunity Act of 2021 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, 2019, and before January 1, 2027, 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. 1 April 2021

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 1 April 2021

    Introduced

    Sponsor introductory remarks on measure. (CR E324)

    Source: IntroReferral

  3. 1 April 2021

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 1 April 2021

    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 · 1 April 2021

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  • Introduced in House (PDF)

    Introduced in House · EN · 1 April 2021

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  • Introduced in House

    summary · EN · 1 April 2021

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Sponsors

Showing 48 of 106 sponsors and actors.

Related records

Sources

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