H.R.3715 - Community Restoration and Revitalization Act of 2009

To amend the Internal Revenue Code of 1986 to expand the rehabilitation credit, and for other purposes. view all titles (2)

All Bill Titles

  • Short: Community Restoration and Revitalization Act of 2009 as introduced.
  • Official: To amend the Internal Revenue Code of 1986 to expand the rehabilitation credit, and for other purposes. as introduced.

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Bill's Views

  • Today: 3
  • Past Seven Days: 13
  • All-Time: 1,658
 
Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
09/30/09
 
 
 
 
 
 
 

Sponsor

Representative

Allyson Schwartz

D-PA

View Co-Sponsors (74)

Official Summary

10/1/2009--Introduced.Community Restoration and Revitalization Act of 2009 - Amends the Internal Revenue Code relating to the building rehabilitation tax credit to: (1) allow an increased 30% credit for projects involving $7.5 million or less in rehabilitation expenditures; (2) allow rehab

Official Summary

10/1/2009--Introduced.Community Restoration and Revitalization Act of 2009 - Amends the Internal Revenue Code relating to the building rehabilitation tax credit to:
(1) allow an increased 30% credit for projects involving $7.5 million or less in rehabilitation expenditures;
(2) allow rehabilitated buildings used for lodging to qualify for such credit;
(3) establish a 50-year placed-in-service requirement for non-historic rehabilitated buildings;
(4) allow such credit for certain tax-exempt use property;
(5) provide for the transferability of such credit;
(6) increase the energy efficiency tax credit allowed to rehabilitated buildings; and
(7) exempt from taxation refunds attributable to state historic tax credits.

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Recent Blog Coverage

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07/15/10
Congress This Week Oct 2, 2009

3 Oct 2009

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04/21/10
GaT Preservation Blog: GaPA Thursday

So far, HR 3715 has 70 co-sponsors in the House and S. 1743 has six co-sponsors in the Senate. § During a committee review of HUD's budget priorities on April 15th, Senate Banking Committee chair Christopher Dodd (D-CT) expressed his ...

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04/06/10
New report on Federal Investment Tax Credit shows remarkable job ...

Two bills in Congress aim to fix these HR 3715 and S 1743. I will be reading more of this report this week, and hope to post other interesting facts contained in it here. Please read the report and blog about it too. ...

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