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- S.425
S.425: Historic Tax Credit Improvement Act of 2017
About This Bill
- Introduced Feb. 16, 2017
- Latest Major Action Feb. 16, 2017
- See the four similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
13 (9 Democrats, 4 Republicans)
Bill Version
- Introduced in Senate - Feb. 16, 2017
Bill Summary
Historic Tax Credit Improvement Act of 2017 This bill amends the Internal Revenue Code, with respect to the tax credit for the rehabilitation of buildings and historic structures, to: (1) allow an increased 30% credit, up to $750,000, for projects with rehabilitation expenditures not exceeding $3.75 million, for which no credit was allowed in either of the two immediately preceding taxable years (small projects); (2) allow the transfer of tax...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
Date | Description |
---|---|
Feb. 16, 2017 |
Read twice and referred to the Committee on Finance.
|
Feb. 16, 2017 |
Introduced in the Senate by Benjamin L. Cardin (D-Md.) |