Community Restoration and Revitalization Act of 2009

Summary

Community Restoration and Revitalization Act of 2009 - Amends the Internal Revenue Code relating to the building rehabilitation tax credit to: (1) allow an increased 30% credit for projects involving $7.5 million or less in rehabilitation expenditures; (2) allow rehabilitated buildings used for lodging to qualify for such credit; (3) establish a 50-year placed-in-service requirement for non-historic rehabilitated buildings; (4) allow such credit for certain tax-exempt use property; (5) provide for the transferability of such credit; (6) increase the energy efficiency tax credit allowed to rehabilitated buildings; and (7) exempt from taxation refunds attributable to state historic tax credits.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 1 October 2009

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• Introduced in House (PDF)

  Introduced in House · EN · 1 October 2009

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• Introduced in House

  summary · EN · 1 October 2009

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