US Congress Senate Bill 1141 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Democrat 6-1-1)
Status: Introduced on June 11 2013 - 25% progression, died in committee
Action: 2013-06-11 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Creating American Prosperity through Preservation Act of 2013 - 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.

Creating American Prosperity through Preservation Act of 2013

Sen. Benjamin Cardin [D-MD]	Sen. Susan Collins [R-ME]	Sen. Kirsten Gillibrand [D-NY]	Sen. Patrick Leahy [D-VT]
Sen. Edward Markey [D-MA]	Sen. Bernard Sanders [I-VT]	Sen. Charles Schumer [D-NY]	Sen. Debbie Stabenow [D-MI]

Date	Chamber	Action
2013-06-11	Senate	Read twice and referred to the Committee on Finance.

HB5655 (Related) 2014-09-18 - Referred to the House Committee on Ways and Means.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/senate-bill/1141/all-info
Text	https://www.congress.gov/113/bills/s1141/BILLS-113s1141is.pdf