Preserve Historic America Act of 2007

Summary

Preserve Historic America Act of 2007 - Amends the Internal Revenue Code to modify the tax credit for rehabilitation of older and historic buildings by: (1) increasing from 20 to 25% the tax credit rate for certified historic structure rehabilitation expenditures; (2) permitting a building at least 50 years old to qualify for the rehabilitation tax credit (currently, a building must have been placed in service before 1936); (3) permitting qualified rehabilitated buildings to be used for lodging purposes; (4) limiting to 50% the basis reduction for buildings qualifying for the low-income housing and rehabilitation tax credits; (5) allowing an increased rehabilitation tax credit for certain buildings in difficult development areas or which qualify as small rehabilitation projects; (6) exempting tax credits for rehabilitation of certified historic structures from the calculation of the passive activity credit; and (7) permitting the assignment of rehabilitation tax credits. Allows a new tax credit for 20% of the cost of rehabilitating a qualified historic home. Defines "qualified historic home" as a certified historic structure which has been substantially rehabilitated and which is owned by the taxpayer and is or will be used as the taxpayer's principal residence.

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

Timeline

1. 22 January 2007

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 22 January 2007

   Introduced

   Introduced in House

   Source: IntroReferral

3. 22 January 2007

   Introduced

   Introduced in House

   Source: IntroReferral

4. 5 February 2007

   Introduced

   Sponsor introductory remarks on measure. (CR H1155)

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 22 January 2007 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 22 January 2007

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 22 January 2007

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 22 January 2007

  Open at official source

  Leesvertaling

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

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

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

Sponsors

• Rep. Carnahan, Russ [D-MO-3] · D · Sponsor
• Rep. Rangel, Charles B. [D-NY-15] · D · Sponsor
• Rep. Lewis, John [D-GA-5] · D · Sponsor
• Rep. Lewis, Ron [R-KY-2] · R · Sponsor
• Rep. Schwartz, Allyson Y. [D-PA-13] · D · Sponsor
• Rep. Skelton, Ike [D-MO-4] · D · Sponsor
• Rep. Gordon, Bart [D-TN-6] · D · Sponsor
• Rep. Clay, Wm. Lacy [D-MO-1] · D · Sponsor
• Rep. Cleaver, Emanuel [D-MO-5] · D · Sponsor
• Rep. Gonzalez, Charles A. [D-TX-20] · D · Sponsor
• Rep. Hinchey, Maurice D. [D-NY-22] · D · Sponsor
• Rep. Holt, Rush [D-NJ-12] · D · Sponsor
• Rep. Maloney, Carolyn B. [D-NY-12] · D · Sponsor
• Rep. Marshall, Jim [D-GA-8] · D · Sponsor
• Rep. Moore, Dennis [D-KS-3] · D · Sponsor
• Rep. Payne, Donald M. [D-NJ-10] · D · Sponsor
• Rep. Rothman, Steven R. [D-NJ-9] · D · Sponsor
• Rep. Souder, Mark E. [R-IN-3] · R · Sponsor
• Rep. LaHood, Ray [R-IL-18] · R · Sponsor
• Rep. Jones, Stephanie Tubbs [D-OH-11] · D · Sponsor
• Rep. Michaud, Michael H. [D-ME-2] · D · Cosponsor
• Rep. Platts, Todd Russell [R-PA-19] · R · Cosponsor
• Rep. Turner, Michael R. [R-OH-10] · R · Cosponsor
• Rep. Lowey, Nita M. [D-NY-17] · D · Cosponsor
• · hswm00 · Standing

Related records

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