Community Revitalization Tax Act of 1989

referredUnited States· United States Congress· EN

Introduced

2 February 1989

Last action

2 February 1989 · Introduced

Status

Read twice and referred to the Committee on Finance.

Sponsors

Sen. Danforth, John C. [R-MO], Sen. Mitchell, George J. [D-ME], Sen. Bond, Christopher S. [R-MO], Sen. Chafee, John H. [R-RI], Sen. Heinz, John [R-PA], Sen. Pryor, David H. [D-AR], Sen. Boren, David L. [D-OK], Sen. McCain, John [R-AZ], Sen. Cohen, William S. [R-ME], Sen. Fowler, Wyche, Jr. [D-GA], Sen. Daschle, Thomas A. [D-SD], Sen. Sasser, Jim [D-TN], Sen. Kennedy, Edward M. [D-MA], Sen. Dodd, Christopher J. [D-CT], Sen. Durenberger, Dave [R-MN], Sen. Riegle, Donald W., Jr. [D-MI], Sen. Ford, Wendell H. [D-KY], Sen. Lieberman, Joseph I. [ID-CT], Sen. Heflin, Howell [D-AL], Sen. Mikulski, Barbara A. [D-MD], Sen. Grassley, Chuck [R-IA], Sen. Burdick, Quentin N. [D-ND], Sen. Symms, Steven D. [R-ID], Sen. Levin, Carl [D-MI], Sen. Johnston, J. Bennett [D-LA], Sen. Sarbanes, Paul S. [D-MD], Sen. Hollings, Ernest F. [D-SC], Sen. Simon, Paul [D-IL], Sen. Shelby, Richard C. [R-AL], Sen. Sanford, Terry [D-NC], Sen. Specter, Arlen [R-PA], Sen. Lott, Trent [R-MS], Sen. Harkin, Tom [D-IA], Sen. Cochran, Thad [R-MS], Sen. Inouye, Daniel K. [D-HI], Sen. Pell, Claiborne [D-RI], Sen. Warner, John [R-VA], Sen. Gore, Albert, Jr. [D-TN], Sen. Baucus, Max [D-MT], Sen. Kerry, John F. [D-MA], Sen. Burns, Conrad R. [R-MT], Sen. Cranston, Alan [D-CA]

Subjects

Taxation

Source updated

26 August 2025

Taxation

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Summary

Community Revitalization Tax Act of 1989 - Amends Internal Revenue Code income tax accounting rules to treat rehabilitation investment credits and low-income housing credits as credits not derived from passive activities. Revises the limitation on the general business credit to allow a maximum annual credit equal to the first $20,000 of an individual taxpayer's income tax liability plus 80 percent of any excess liability.

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

Timeline

2 February 1989
Introduced
Read twice and referred to the Committee on Finance.
Source: IntroReferral
2 February 1989
Introduced
Introduced in Senate
Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Introduced in Senate · — · Download file

Documents

2 official files

Introduced in Senate (text)

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Introduced in Senate (text)
Introduced in Senate · EN
View Download Open at official source
Introduced in Senate
summary · EN · 2 February 1989
Open at official source
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Vertaal naar
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Related records

related to → Community Revitalization Tax Act of 1989

Sources

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

Official source: https://www.congress.gov/bill/101st-congress/senate-bill/342
Open data entity: https://api.congress.gov/v3/bill/101/s/342
us · 101-s-342 · source updated 26 August 2025