US HB5655 | 2013-2014 | 113th Congress

Status

Spectrum: Moderate Partisan Bill (Democrat 17-4)
Status: Introduced on September 18 2014 - 25% progression, died in committee
Action: 2014-09-18 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Creating American Prosperity through Preservation Act - Amends the Internal Revenue Code, with respect to tax credits for building rehabilitation expenditures, to: (1) allow an increased 30% credit for projects involving $7.5 million or less in rehabilitation expenditures, (2) provide for an additional 2% credit amount for a building that is a qualified energy efficient rehabilitated building (increased energy efficiency of 30% or more), (3) change the placed-in-service requirement for non-historic rehabilitated buildings from before 1936 to 50 years prior to the year in which qualified rehabilitation expenditures are taken into account, and (4) exempt from tax the proceeds of a state historic tax credit.

Tracking Information

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Title

Creating American Prosperity through Preservation Act

Sponsors


History

DateChamberAction
2014-09-18HouseReferred to the House Committee on Ways and Means.

Same As/Similar To

SB1141 (Related) 2013-06-11 - Read twice and referred to the Committee on Finance.

Subjects


US Congress State Sources


Bill Comments

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