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United States · Bill · S

S. 667 (94th)

Historic Structures Tax Act

referredUnited States· United States Congress· EN

Introduced

12 February 1975

Last action

12 February 1975 · Introduced

Status

Referred to Senate Committee on Finance.

Sponsors

Sen. Beall, J. Glenn, Jr. [R-MD], Sen. Dole, Robert J. [R-KS], Sen. Domenici, Pete V. [R-NM], Sen. Goldwater, Barry [R-AZ], Sen. Hartke, Vance [D-IN], Sen. Javits, Jacob K. [R-NY], Sen. Mathias, Charles McC., Jr. [R-MD], Sen. McGovern, George [D-SD], Sen. Metcalf, Lee [D-MT], Sen. Stevens, Ted [R-AK], Sen. Tower, John G. [R-TX], Sen. Tunney, John V. [D-CA], Sen. McIntyre, Thomas J. [D-NH], Sen. Stone, Richard (Dick) [D-FL], Sen. Abourezk, James [D-SD], Sen. Scott, Hugh [R-PA], Sen. Baker, Howard H., Jr. [R-TN], Sen. Taft, Robert, Jr. [R-OH], Sen. Brock, Bill [R-TN]

Subjects

Discovery layer

Source updated

2 September 2025

Official sourceView documentsShare

Summary

Historic Structures Tax Act - Provides, under the Internal Revenue Code, for the preservation and rehabilitation of historic structures by allowing a tax deduction under the Internal Revenue Code with respect to the amortization of the amortizable basis of any certified historic structure based on a period of 60 months. Specifies that no deduction shall be allowed for any expense or loss incurred as a result of the destruction of a certified historic structure. Limits deductions on structures erected upon a site wich was occupied by a certified historic structure which was demolished or substantially altered. Allows the taxpayer to compute the depreciation deduction attributable to substantially rehabilitated property as though the original use of such property commenced with him. Permits deductions for transfer of the remainder or partial interests in property for conservation purposes.

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

Timeline

  1. 12 February 1975

    Introduced

    Referred to Senate Committee on Finance.

    Source: IntroReferral

  2. 12 February 1975

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

Leesvertaling

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Sponsors

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Sources

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