3.0.0 1158 2023-01-11T13:35:08Z 2023-01-11T13:35:08Z House HR 2017-02-16 115 [Congressional Record Volume 163, Number 28 (Thursday, February 16, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. KELLY of Pennsylvania:H.R. 1158.Congress has the power to enact this legislation pursuantto the following:The Congress enacts this bill pursuant to Article I Section8 of the United States Constitution.[Page H1305]]]> hswm00 Ways and Means Committee House Standing Referred to 2017-02-16T15:10:15Z Historic Tax Credit Improvement Act of 2017 115 425 S 2017-02-16 Read twice and referred to the Committee on Finance. Related bill CRS 2017-02-16 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2017-02-16 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-02-16 Introduced in House IntroReferral 1000 9 Library of Congress K000376 Rep. Kelly, Mike [R-PA-3] Mike Kelly R PA 3 N B000574 Rep. Blumenauer, Earl [D-OR-3] EARL BLUMENAUER D OR 3 2017-02-16 True P000601 Rep. Palazzo, Steven M. [R-MS-4] Steven Palazzo R MS M. 4 2017-02-16 True T000193 Rep. Thompson, Bennie G. [D-MS-2] BENNIE THOMPSON D MS 2 2017-02-16 True R000588 Rep. Richmond, Cedric L. [D-LA-2] Cedric Richmond D LA L. 2 2017-02-16 True S001185 Rep. Sewell, Terri A. [D-AL-7] Terri Sewell D AL A. 7 2017-02-16 True H001045 Rep. Harper, Gregg [R-MS-3] Gregg Harper R MS 3 2017-02-16 True M001181 Rep. Meehan, Patrick [R-PA-7] Patrick Meehan R PA 7 2017-02-16 True T000463 Rep. Turner, Michael R. [R-OH-10] Michael Turner R OH R. 10 2017-02-16 True R000578 Rep. Reichert, David G. [R-WA-8] David Reichert R WA G. 8 2017-02-16 True S000250 Rep. Sessions, Pete [R-TX-32] PETE SESSIONS R TX 32 2017-02-16 True K000188 Rep. Kind, Ron [D-WI-3] RON KIND D WI 3 2017-02-16 True B001289 Rep. Byrne, Bradley [R-AL-1] Bradley Byrne R AL 1 2017-02-16 True T000465 Rep. Tsongas, Niki [D-MA-3] Niki Tsongas D MA 3 2017-02-16 True M000312 Rep. McGovern, James P. [D-MA-2] JAMES MCGOVERN D MA P. 2 2017-02-16 True D000617 Rep. DelBene, Suzan K. [D-WA-1] Suzan DelBene D WA K. 1 2017-02-16 True N000147 Del. Norton, Eleanor Holmes [D-DC-At Large] ELEANOR NORTON D DC HOLMES 0 2017-02-16 True T000462 Rep. Tiberi, Patrick J. [R-OH-12] PATRICK TIBERI R OH J. 12 2017-02-16 True A000374 Rep. Abraham, Ralph Lee [R-LA-5] Ralph Abraham R LA Lee 5 2017-03-01 False R000577 Rep. Ryan, Tim [D-OH-13] TIM RYAN D OH 13 2017-03-01 False S001196 Rep. Stefanik, Elise M. [R-NY-21] Elise Stefanik R NY M. 21 2017-03-01 False J000126 Rep. Johnson, Eddie Bernice [D-TX-30] EDDIE JOHNSON D TX BERNICE 30 2017-03-01 False K000388 Rep. Kelly, Trent [R-MS-1] Trent Kelly R MS 1 2017-03-01 False L000565 Rep. Loebsack, David [D-IA-2] David Loebsack D IA 2 2017-03-01 False B001281 Rep. Beatty, Joyce [D-OH-3] Joyce Beatty D OH 3 2017-03-01 False H001038 Rep. Higgins, Brian [D-NY-26] Brian Higgins D NY 26 2017-03-02 False K000385 Rep. Kelly, Robin L. [D-IL-2] Robin Kelly D IL L. 2 2017-03-08 False C000984 Rep. Cummings, Elijah E. [D-MD-7] ELIJAH CUMMINGS D MD E. 7 2017-03-08 False J000292 Rep. Johnson, Bill [R-OH-6] Bill Johnson R OH 6 2017-03-08 False W000800 Rep. Welch, Peter [D-VT-At Large] Peter Welch D VT 0 2017-03-08 False B001294 Rep. Blum, Rod [R-IA-1] Rod Blum R IA 1 2017-03-08 False C000266 Rep. Chabot, Steve [R-OH-1] STEVE CHABOT R OH 1 2017-03-08 False F000464 Rep. Faso, John J. [R-NY-19] John Faso R NY J. 19 2017-03-20 False G000577 Rep. Graves, Garret [R-LA-6] Garret Graves R LA 6 2017-03-20 False H001073 Rep. Hurd, Will [R-TX-23] Will Hurd R TX 23 2017-03-20 False L000562 Rep. Lynch, Stephen F. [D-MA-8] Stephen Lynch D MA F. 8 2017-03-20 False C001078 Rep. Connolly, Gerald E. [D-VA-11] Gerald Connolly D VA E. 11 2017-03-27 False S001187 Rep. Stivers, Steve [R-OH-15] Steve Stivers R OH 15 2017-03-27 False L000579 Rep. Lowenthal, Alan S. [D-CA-47] Alan Lowenthal D CA S. 47 2017-03-27 False L000557 Rep. Larson, John B. [D-CT-1] JOHN LARSON D CT B. 1 2017-03-27 False C001069 Rep. Courtney, Joe [D-CT-2] Joe Courtney D CT 2 2017-03-27 False P000607 Rep. Pocan, Mark [D-WI-2] Mark Pocan D WI 2 2017-03-30 False P000611 Rep. Poliquin, Bruce [R-ME-2] Bruce Poliquin R ME 2 2017-03-30 False B001251 Rep. Butterfield, G. K. [D-NC-1] G. K. Butterfield D NC 1 2017-04-12 False W000812 Rep. Wagner, Ann [R-MO-2] Ann Wagner R MO 2 2017-04-12 False R000586 Rep. Renacci, James B. [R-OH-16] James Renacci R OH B. 16 2017-04-12 False K000386 Rep. Katko, John [R-NY-24] John Katko R NY 24 2017-04-12 False H001072 Rep. Hill, J. French [R-AR-2] J. Hill R AR French 2 2017-04-25 False T000460 Rep. Thompson, Mike [D-CA-5] MIKE THOMPSON D CA 5 2017-04-25 False L000585 Rep. LaHood, Darin [R-IL-18] Darin LaHood R IL 18 2017-05-16 False M001200 Rep. McEachin, A. Donald [D-VA-4] A. McEachin D VA Donald 4 2017-05-16 False S000480 Rep. Slaughter, Louise McIntosh [D-NY-25] LOUISE SLAUGHTER D NY M. 25 2017-05-16 False U000031 Rep. Upton, Fred [R-MI-6] FRED UPTON R MI 6 2017-05-16 False C001092 Rep. Collins, Chris [R-NY-27] Chris Collins R NY 27 2017-05-16 False D000482 Rep. Doyle, Michael F. [D-PA-14] MIKE DOYLE D PA 14 2017-05-16 False J000290 Rep. Jenkins, Lynn [R-KS-2] Lynn Jenkins R KS 2 2017-05-25 False M001194 Rep. Moolenaar, John R. [R-MI-4] John Moolenaar R MI R. 4 2017-05-25 False K000378 Rep. Kinzinger, Adam [R-IL-16] Adam Kinzinger R IL 16 2017-06-07 False S001195 Rep. Smith, Jason [R-MO-8] Jason Smith R MO 8 2017-06-07 False W000815 Rep. Wenstrup, Brad R. [R-OH-2] Brad Wenstrup R OH R. 2 2017-06-12 False C001084 Rep. Cicilline, David N. [D-RI-1] David Cicilline D RI N. 1 2017-06-12 False P000592 Rep. Poe, Ted [R-TX-2] Ted Poe R TX 2 2017-06-15 False B001227 Rep. Brady, Robert A. [D-PA-1] ROBERT BRADY D PA A. 1 2017-06-20 False B001250 Rep. Bishop, Rob [R-UT-1] Rob Bishop R UT 1 2017-06-21 False C001049 Rep. Clay, Wm. Lacy [D-MO-1] WM. CLAY D MO LACY 1 2017-06-21 False G000574 Rep. Gallego, Ruben [D-AZ-7] Ruben Gallego D AZ 7 2017-06-21 False D000604 Rep. Dent, Charles W. [R-PA-15] Charles Dent R PA W. 15 2017-07-11 False C001090 Rep. Cartwright, Matt [D-PA-17] Matt Cartwright D PA 17 2017-07-11 False G000563 Rep. Gibbs, Bob [R-OH-7] Bob Gibbs R OH 7 2017-07-11 False P000597 Rep. Pingree, Chellie [D-ME-1] Chellie Pingree D ME 1 2017-07-11 False B001298 Rep. Bacon, Don [R-NE-2] Don Bacon R NE 2 2017-07-12 False J000295 Rep. Joyce, David P. [R-OH-14] David Joyce R OH P. 14 2017-07-28 False K000009 Rep. Kaptur, Marcy [D-OH-9] MARCY KAPTUR D OH 9 2017-07-28 False N000184 Rep. Noem, Kristi L. [R-SD-At Large] Kristi Noem R SD L. 0 2017-07-28 False T000469 Rep. Tonko, Paul [D-NY-20] Paul Tonko D NY 20 2017-10-03 False F000449 Rep. Fortenberry, Jeff [R-NE-1] Jeff Fortenberry R NE 1 2017-10-03 False H001077 Rep. Higgins, Clay [R-LA-3] Clay Higgins R LA 3 2017-10-25 False F000455 Rep. Fudge, Marcia L. [D-OH-11] Marcia Fudge D OH L. 11 2017-11-02 False B001286 Rep. Bustos, Cheri [D-IL-17] Cheri Bustos D IL 17 2017-11-14 False T000467 Rep. Thompson, Glenn [R-PA-5] Glenn Thompson R PA 5 2017-11-15 False R000603 Rep. Rouzer, David [R-NC-7] David Rouzer R NC 7 2017-11-15 False E000293 Rep. Esty, Elizabeth H. [D-CT-5] Elizabeth Esty D CT H. 5 2017-11-21 False G000580 Rep. Garrett, Thomas A., Jr. [R-VA-5] Thomas Garrett R VA A. 5 2017-11-29 False Taxation Building construction Historic sites and heritage areas Income tax credits Residential rehabilitation and home repair Tax-exempt organizations Taxation 00 2017-02-16 Introduced in House 2017-03-06T15:20:57Z 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 prior taxable years (smaller projects); (2) allow the transfer of tax credit amounts for smaller projects; (3) treat a building as substantially rehabilitated if rehabilitation expenditures exceed the greater of 50% of the adjusted basis of the building or $5,000 (currently, the greater of the adjusted basis of the building or $5,000); (4) reduce the required basis adjustment from 100% of the credit to 50% of the amount of the credit; and (5) limit the application of disqualified lease rules to tax-exempt use property.

]]> Historic Tax Credit Improvement Act of 2017 Display Title Historic Tax Credit Improvement Act of 2017 Official Title as Introduced To amend the Internal Revenue Code of 1986 to improve the Historic Rehabilitation Tax Credit, and for other purposes. Introduced in House IH Short Titles as Introduced Historic Tax Credit Improvement Act of 2017 Introduced in House 2017-02-16T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr1158ih/xml/BILLS-115hr1158ih.xml 2017-02-16 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.