3.0.0 584 2023-01-11T19:58:09Z 2023-01-11T19:58:09Z Senate S S 2007-02-14 110 ssfi00 Finance Committee Senate Standing Referred to 2007-02-14T20:13:13Z 110 1043 HR 2007-02-14 Referred to the House Committee on Ways and Means. Related bill CRS 2007-02-14 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2007-02-14 Introduced in Senate IntroReferral 10000 9 Library of Congress L000035 Sen. Lincoln, Blanche L. [D-AR] BLANCHE LINCOLN D AR LAMBERT N S001142 Sen. Smith, Gordon H. [R-OR] GORDON SMITH R OR H. 2007-02-14 True L000550 Sen. Landrieu, Mary L. [D-LA] MARY LANDRIEU D LA 2007-02-14 True L000304 Sen. Lieberman, Joseph I. [ID-CT] JOSEPH LIEBERMAN ID CT I. 2007-02-27 False H001016 Sen. Hutchison, Kay Bailey [R-TX] KAY HUTCHISON R TX BAILEY 2007-03-15 False A000109 Sen. Allard, Wayne [R-CO] A. ALLARD R CO WAYNE 2007-03-15 False P000590 Sen. Pryor, Mark L. [D-AR] Mark Pryor D AR Lunsford 2007-06-11 False L000174 Sen. Leahy, Patrick J. [D-VT] Patrick Leahy D VT 2007-09-06 False J000177 Sen. Johnson, Tim [D-SD] TIM JOHNSON D SD 2007-11-08 False S000033 Sen. Sanders, Bernard [I-VT] Bernard Sanders I VT 2008-05-06 False D000563 Sen. Durbin, Richard J. [D-IL] Richard Durbin D IL J. 2008-06-10 False C001041 Sen. Clinton, Hillary Rodham [D-NY] HILLARY CLINTON D NY R 2008-09-18 False Taxation Building construction Collection of accounts Commemorations Commerce Condominium (Housing) Depressed areas Economics and Public Finance Historic sites History Housing and Community Development Income tax Investment tax credit Leases Low-income housing Maintenance and repair Office buildings Rental housing Residential rehabilitation Tax credits Tax-exempt organizations Valuation Taxation

00 2007-02-14 Introduced in Senate 2007-03-19T17:45:26Z 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) modify qualification rules for credit property that is tax-exempt use property; (7) increase the credit for buildings in high cost areas; and (8) exempt certain condominium transactions from rehabilitation tax credit recapture requirements.

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Official Title as Introduced Introduced in Senate IS Display Title Short Titles as Introduced Introduced in Senate 2007-02-14T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s584is/xml/BILLS-110s584is.xml 2007-02-14 Read twice and referred to the Committee on Finance. 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.