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- S.584
S.584: Community Restoration and Revitalization Act of 2007
About This Bill
- This bill was introduced in the 110th Congress
- This bill is primarily about taxation
- Introduced Feb. 14, 2007
- Latest Major Action Feb. 14, 2007
Bill Sponsor
Bill Cosponsors
11 (7 Democrats, 2 Independent Democrats, 3 Republicans)
Bill Summary
Community Restoration and Revitalization Act of 2007 - Amends the Internal Revenue Code to: (1) allow an increased rehabilitation tax credit for certain low-income buildings; (2) allow a basis reduction adjustment for property eligible for the credit; (3) increase the credit for certain smaller buildings; (4) allow property eligible for the credit to be used for lodging purposes; (5) modify placed-in-service rules for credit property; (6)...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Read twice and referred to the Committee on Finance.
|
|
| Feb. 14, 2007 |
Introduced in the Senate by Blanche Lincoln (D-Ark.) |