3.0.0 5420 2023-01-13T04:48:27Z 2023-01-13T04:48:27Z House H HR 2006-05-18 109 hswm00 Ways and Means Committee House Standing Referred to 2006-05-18T14:01:10Z 2006-05-18 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2006-05-18 Introduced in House IntroReferral Intro-H 9 Library of Congress 2006-05-18 Introduced in House IntroReferral 1000 9 Library of Congress C001060 Rep. Carnahan, Russ [D-MO-3] Russ Carnahan D MO 3 N R000053 Rep. Rangel, Charles B. [D-NY-15] CHARLES RANGEL D NY B. 15 2006-05-18 True S001143 Rep. Souder, Mark E. [R-IN-3] MARK SOUDER R IN EDWARD 3 2006-05-18 True J000284 Rep. Jones, Stephanie Tubbs [D-OH-11] STEPHANIE JONES D OH TUBBS 11 2006-05-18 True C000191 Rep. Carson, Julia [D-IN-7] JULIA CARSON D IN 7 2006-05-18 True C001049 Rep. Clay, Wm. Lacy [D-MO-1] WM. CLAY D MO LACY 1 2006-05-18 True C001061 Rep. Cleaver, Emanuel [D-MO-5] Emanuel Cleaver D MO 5 2006-05-18 True G000309 Rep. Gordon, Bart [D-TN-6] BART GORDON D TN 6 2006-05-18 True H001035 Rep. Harris, Katherine [R-FL-13] Katherine Harris R FL 13 2006-05-18 True H001032 Rep. Holt, Rush [D-NJ-12] RUSH HOLT D NJ D. 12 2006-05-18 True J000082 Rep. Jenkins, William L. [R-TN-1] WILLIAM JENKINS R TN L. 1 2006-05-18 True L000287 Rep. Lewis, John [D-GA-5] JOHN LEWIS D GA 5 2006-05-18 True M000087 Rep. Maloney, Carolyn B. [D-NY-14] CAROLYN MALONEY D NY B. 14 2006-05-18 True M001149 Rep. Michaud, Michael H. [D-ME-2] Michael Michaud D ME H. 2 2006-05-18 True M001140 Rep. Moore, Dennis [D-KS-3] DENNIS MOORE D KS 3 2006-05-18 True N000002 Rep. Nadler, Jerrold [D-NY-8] JERROLD NADLER D NY 8 2006-05-18 True P000149 Rep. Payne, Donald M. [D-NJ-10] DONALD PAYNE D NJ M. 10 2006-05-18 True R000462 Rep. Rothman, Steven R. [D-NJ-9] STEVEN ROTHMAN D NJ R. 9 2006-05-18 True S000465 Rep. Skelton, Ike [D-MO-4] IKE SKELTON D MO 4 2006-05-18 True S001162 Rep. Schwartz, Allyson Y. [D-PA-13] Allyson Schwartz D PA Y. 13 2006-05-19 False L000293 Rep. Lewis, Ron [R-KY-2] RON LEWIS R KY 2 2006-05-19 False G000544 Rep. Gonzalez, Charles A. [D-TX-20] CHARLES GONZALEZ D TX A. 20 2006-05-19 False M001146 Rep. Marshall, Jim [D-GA-3] Jim Marshall D GA 3 2006-05-23 False H000627 Rep. Hinchey, Maurice D. [D-NY-22] MAURICE HINCHEY D NY D. 22 2006-05-23 False L000552 Rep. LaHood, Ray [R-IL-18] RAY LAHOOD R IL 18 2006-06-13 False A000210 Rep. Andrews, Robert E. [D-NJ-1] ROBERT ANDREWS D NJ E. 1 2006-09-12 False L000169 Rep. Leach, James A. [R-IA-2] JIM LEACH R IA 2 2006-09-19 False Taxation Accounting Administrative fees Apartment houses Architecture Arts, Culture, Religion Building construction Commemorations Condominium (Housing) Cooperative housing Depressed areas Economics and Public Finance Enterprise zones Finance and Financial Sector Historic sites History Home ownership Home repair and improvement Housing and Community Development Income tax Investment tax credit Law Low-income housing Mortgage banks Mortgage interest rates Mortgages Public Lands and Natural Resources Rental housing Social Welfare Tax credits Tax exclusion Urban affairs Valuation Taxation 00 2006-05-18 Introduced in House 2006-06-14T19:52:01Z Preserve Historic America Act of 2006 - Amends the Internal Revenue Code to modify the tax credit for rehabilitation of older and historic buildings by: (1) increasing from 20 to 25% the tax credit rate for certified historic structure rehabilitation expenditures; (2) permitting a building at least 50 years old to qualify for the rehabilitation tax credit (currently, a building must have been placed in service before 1936); (3) permitting qualified rehabilitated buildings to be used for lodging purposes; (4) limiting to 50% the basis reduction for buildings qualifying for the low-income housing and rehabilitation tax credits; (5) allowing an increased rehabilitation tax credit for certain buildings in difficult development areas or which qualify as small rehabilitation projects; (6) exempting tax credits for rehabilitation of certified historic structures from the calculation of the passive activity credit; and (7) permitting the assignment of rehabilitation tax credits.

Allows a new tax credit for 20% of the cost of rehabilitating a qualified historic home. Defines "qualified historic home" as a certified historic structure which has been substantially rehabilitated and which is owned by the taxpayer and is or will be used as the taxpayer's principal residence.

]]> Preserve Historic America Act of 2006 Display Title Preserve Historic America Act of 2006 Official Title as Introduced To amend the Internal Revenue Code of 1986 to expand the incentives for the rehabilitation of older buildings, including owner-occupied residences. Introduced in House IH Short Titles as Introduced Preserve Historic America Act of 2006 Introduced in House 2006-05-18T04:00:00Z 2006-05-18 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.