3.0.0 2825 2022-11-01T05:32:23Z 2022-11-01T05:32:23Z House HR 2019-05-17 116 [Congressional Record Volume 165, Number 173 (Thursday, October 31, 2019)][House][Pages H8720-H8721]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. WEXTON:H.R. 4971.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, clause 7By Miss. RICE of New York:H.R. 4972.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8ADDITIONAL SPONSORSUnder clause 7 of rule XII, sponsors were added to public bills andresolutions, as follows:H.R. 3: Ms. Judy Chu of California, Ms. Stevens, Mr.Perlmutter, and Ms. Davids of Kansas.H.R. 35: Mr. Neguse.H.R. 40: Ms. DeGette.H.R. 180: Mr. Thompson of Mississippi.H.R. 230: Mr. Lewis.H.R. 566: Mr. Suozzi.H.R. 838: Mr. Meeks and Mr. Rogers of Kentucky.H.R. 849: Mr. Langevin and Mr. Casten of Illinois.H.R. 935: Mr. Brendan F. Boyle of Pennsylvania and Mr.Rogers ofKentucky.H.R. 1043: Mr. Cunningham and Mr. Johnson of Ohio.H.R. 1049: Mr. Lynch.H.R. 1092: Mr. Raskin.H.R. 1110: Mr. Wright.H.R. 1133: Ms. Ocasio-Cortez.H.R. 1155: Mr. Pence.H.R. 1171: Mr. Meeks.H.R. 1175: Mr. Richmond.H.R. 1188: Mr. Doggett.H.R. 1254: Ms. Wexton.H.R. 1257: Mr. Rutherford.H.R. 1289: Ms. Matsui.H.R. 1309: Mr. Richmond and Mr. Bishop of Georgia.H.R. 1367: Mr. Johnson of Georgia and Mr. Levin ofMichigan.H.R. 1383: Mr. Olson.H.R. 1418: Mr. Schrader.H.R. 1468: Mr. Grijalva.H.R. 1498: Ms. Schakowsky, Mr. Perlmutter, Ms. Scanlon, Ms.Dean, and Mr. Grijalva.H.R. 1528: Mr. Trone.H.R. 1652: Mr. Schrader, Mrs. Axne, Mr. Correa, Mr.Krishnamoorthi, Mr. Evans, and Ms. Velazquez.H.R. 1673: Mr. Harris.H.R. 1680: Ms. Scanlon, Mr. Womack, Mr. Ferguson, and Mr.Byrne.H.R. 1705: Mrs. Lawrence.H.R. 1748: Mr. Sherman, Mr. Crow, Mr. Visclosky, Mr.Stauber, Mr. Cartwright, Mr. Vargas, Ms. Roybal-Allard, Ms.Torres Small of New Mexico, and Mr. Keating.H.R. 1754: Mr. Lynch, Mrs. Luria, Mr. Kind, Ms. Bass, andMr. Larson of Connecticut.H.R. 1765: Mr. McKinley.H.R. 1777: Ms. Meng.H.R. 1923: Mr. Price of North Carolina, Mr. Serrano, Mr.Welch, Mr. Lowenthal, and Ms. Garcia of Texas.H.R. 2051: Mr. Suozzi.H.R. 2075: Ms. Mucarsel-Powell.H.R. 2086: Mrs. Luria.H.R. 2117: Mr. Joyce of Ohio.H.R. 2147: Mr. Kildee, Ms. Moore, Mrs. Luria, Mr.Gottheimer, and Mr. Calvert.H.R. 2210: Mr. Soto.H.R. 2222: Mr. Smith of Nebraska.H.R. 2235: Mr. Crawford, Mr. Payne, Ms. Norton, Mr. Lynch,and Mr. Kelly of Pennsylvania.H.R. 2279: Miss Gonzalez-Colon of Puerto Rico, Mr.Grothman, Mr. Rush, Mr. Neguse, and Mr. Kennedy.H.R. 2283: Mr. Lewis.H.R. 2301: Mr. Bacon.H.R. 2411: Ms. Spanberger and Mr. Comer.H.R. 2433: Mr. Sires.H.R. 2498: Ms. Sewell of Alabama.H.R. 2501: Mr. Soto.H.R. 2521: Mr. Soto, Ms. Castor of Florida, Mr. Bucshon,Ms. Norton, and Mr. Rodney Davis of Illinois.H.R. 2584: Mr. Olson and Mr. Hice of Georgia.H.R. 2645: Ms. Jackson Lee.H.R. 2653: Mrs. Axne.H.R. 2656: Ms. Slotkin.H.R. 2668: Mr. Young and Ms. Finkenauer.H.R. 2693: Mr. Smith of Nebraska, Mr. Holding, Mr. Smith ofMissouri, and Mr. Arrington.H.R. 2746: Miss Gonzalez-Colon of Puerto Rico.H.R. 2747: Ms. Speier and Mr. Michael F. Doyle ofPennsylvania.H.R. 2788: Mr. Amodei.H.R. 2802: Ms. Finkenauer and Ms. Schakowsky.H.R. 2825: Mrs. Walorski.H.R. 2862: Mr. Balderson.H.R. 2867: Ms. Brownley of California.H.R. 2985: Mr. Nunes and Mr. Rouda.H.R. 2986: Mr. Lewis and Mr. Blumenauer.H.R. 2990: Mr. Hice of Georgia, Mr. Duncan, Mr. Norman, Ms.Stevens, and Mr. Davidson of Ohio.H.R. 3048: Mr. Smith of Missouri.H.R. 3062: Mr. Johnson of Ohio.H.R. 3080: Mr. Brindisi and Ms. Waters.H.R. 3127: Mr. Welch and Mr. Smith of Nebraska.H.R. 3138: Mr. Norcross.H.R. 3155: Mr. Gaetz, Mr. Marchant, Mr. Waltz, Mr.Hollingsworth, Mr. Perry, Mr. Collins of Georgia, Mr. Hurd ofTexas, Mrs. Roby, Mr. Stauber, Mr. McCaul, Mr. Katko, Ms.Stefanik, Mr. Reed, Mr. Pence, Mr[...]]]> hswm00 Ways and Means Committee House Standing Referred to 2019-05-17T13:01:50Z Historic Tax Credit Growth and Opportunity Act of 2019 116 2615 S 2019-10-16 Read twice and referred to the Committee on Finance. Related bill CRS 2019-05-17 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2019-05-17 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-05-17 Introduced in House IntroReferral 1000 9 Library of Congress B000574 Rep. Blumenauer, Earl [D-OR-3] EARL BLUMENAUER D OR 3 N K000376 Rep. Kelly, Mike [R-PA-16] Mike Kelly R PA 16 2019-05-17 True S001185 Rep. Sewell, Terri A. [D-AL-7] Terri Sewell D AL A. 7 2019-05-17 True L000585 Rep. LaHood, Darin [R-IL-18] Darin LaHood R IL 18 2019-05-17 True H001038 Rep. Higgins, Brian [D-NY-26] Brian Higgins D NY 26 2019-05-17 True T000463 Rep. Turner, Michael R. [R-OH-10] Michael Turner R OH R. 10 2019-05-17 True A000374 Rep. Abraham, Ralph Lee [R-LA-5] Ralph Abraham R LA Lee 5 2019-05-24 False M000312 Rep. McGovern, James P. [D-MA-2] JAMES MCGOVERN D MA P. 2 2019-06-04 False B001289 Rep. Byrne, Bradley [R-AL-1] Bradley Byrne R AL 1 2019-06-04 False C001084 Rep. Cicilline, David N. [D-RI-1] David Cicilline D RI N. 1 2019-06-04 False R000611 Rep. Riggleman, Denver [R-VA-5] Denver Riggleman R VA 5 2019-06-04 False F000466 Rep. Fitzpatrick, Brian K. [R-PA-1] Brian Fitzpatrick R PA K. 1 2019-06-06 False K000009 Rep. Kaptur, Marcy [D-OH-9] MARCY KAPTUR D OH 9 2019-06-10 False T000467 Rep. Thompson, Glenn [R-PA-15] Glenn Thompson R PA 15 2019-06-10 False R000577 Rep. Ryan, Tim [D-OH-13] TIM RYAN D OH 13 2019-06-10 False C001068 Rep. Cohen, Steve [D-TN-9] Steve Cohen D TN 9 2019-06-12 False D000617 Rep. DelBene, Suzan K. [D-WA-1] Suzan DelBene D WA K. 1 2019-06-18 False S001187 Rep. Stivers, Steve [R-OH-15] Steve Stivers R OH 15 2019-06-18 False L000579 Rep. Lowenthal, Alan S. [D-CA-47] Alan Lowenthal D CA S. 47 2019-06-19 False L000559 Rep. Langevin, James R. [D-RI-2] JAMES LANGEVIN D RI R. 2 2019-06-19 False C000266 Rep. Chabot, Steve [R-OH-1] STEVE CHABOT R OH 1 2019-06-19 False S001199 Rep. Smucker, Lloyd [R-PA-11] Lloyd Smucker R PA 11 2019-06-24 False J000295 Rep. Joyce, David P. [R-OH-14] David Joyce R OH P. 14 2019-06-24 False B001281 Rep. Beatty, Joyce [D-OH-3] Joyce Beatty D OH 3 2019-06-25 False C001103 Rep. Carter, Earl L. "Buddy" [R-GA-1] Earl Carter R GA L. "Buddy" 1 2019-06-26 False M001180 Rep. McKinley, David B. [R-WV-1] David McKinley R WV B. 1 2019-06-26 False L000565 Rep. Loebsack, David [D-IA-2] David Loebsack D IA 2 2019-06-28 False H000324 Rep. Hastings, Alcee L. [D-FL-20] ALCEE HASTINGS D FL L. 20 2019-07-05 False B001308 Rep. Brindisi, Anthony [D-NY-22] Anthony Brindisi D NY 22 2019-07-09 False Q000023 Rep. Quigley, Mike [D-IL-5] Mike Quigley D IL 5 2019-07-09 False W000815 Rep. Wenstrup, Brad R. [R-OH-2] Brad Wenstrup R OH R. 2 2019-07-10 False G000563 Rep. Gibbs, Bob [R-OH-7] Bob Gibbs R OH 7 2019-07-11 False M001143 Rep. McCollum, Betty [D-MN-4] BETTY MCCOLLUM D MN 4 2019-07-11 False G000588 Rep. Gonzalez, Anthony [R-OH-16] Anthony Gonzalez R OH 16 2019-07-16 False D000630 Rep. Delgado, Antonio [D-NY-19] Antonio Delgado D NY 19 2019-07-16 False T000469 Rep. Tonko, Paul [D-NY-20] Paul Tonko D NY 20 2019-07-17 False T000193 Rep. Thompson, Bennie G. [D-MS-2] BENNIE THOMPSON D MS 2 2019-07-22 False C001092 Rep. Collins, Chris [R-NY-27] Chris Collins R NY 27 2019-08-06 False W000821 Rep. Westerman, Bruce [R-AR-4] Bruce Westerman R AR 4 2019-08-16 False H001077 Rep. Higgins, Clay [R-LA-3] Clay Higgins R LA 3 2019-08-16 False L000397 Rep. Lofgren, Zoe [D-CA-19] ZOE LOFGREN D CA 19 2019-08-16 False M001206 Rep. Morelle, Joseph D. [D-NY-25] Joseph Morelle D NY D. 25 2019-09-09 False F000449 Rep. Fortenberry, Jeff [R-NE-1] Jeff Fortenberry R NE 1 2019-09-12 False G000577 Rep. Graves, Garret [R-LA-6] Garret Graves R LA 6 2019-09-17 False K000386 Rep. Katko, John [R-NY-24] John Katko R NY 24 2019-09-17 False F000455 Rep. Fudge, Marcia L. [D-OH-11] Marcia Fudge D OH L. 11 2019-10-04 False S001196 Rep. Stefanik, Elise M. [R-NY-21] Elise Stefanik R NY M. 21 2019-10-08 False K000380 Rep. Kildee, Daniel T. [D-MI-5] Daniel Kildee D MI T. 5 2019-10-08 False R000606 Rep. Raskin, Jamie [D-MD-8] Jamie Raskin D MD 8 2019-10-08 False P000593 Rep. Perlmutter, Ed [D-CO-7] Ed Perlmutter D CO 7 2019-10-16 False F000467 Rep. Finkenauer, Abby [D-IA-1] Abby Finkenauer D IA 1 2019-10-16 False H001067 Rep. Hudson, Richard [R-NC-8] Richard Hudson R NC 8 2019-10-18 False P000096 Rep. Pascrell, Bill, Jr. [D-NJ-9] WILLIAM PASCRELL D NJ J. 9 2019-10-18 False W000826 Rep. Wild, Susan [D-PA-7] Susan Wild D PA 7 2019-10-23 False H001072 Rep. Hill, J. French [R-AR-2] J. Hill R AR French 2 2019-10-23 False W000813 Rep. Walorski, Jackie [R-IN-2] Jackie Walorski R IN 2 2019-10-31 False D000191 Rep. DeFazio, Peter A. [D-OR-4] PETER DEFAZIO D OR A. 4 2019-11-08 False S001195 Rep. Smith, Jason [R-MO-8] Jason Smith R MO 8 2019-11-14 False B001298 Rep. Bacon, Don [R-NE-2] Don Bacon R NE 2 2019-11-21 False F000465 Rep. Ferguson, A. Drew, IV [R-GA-3] A. Ferguson R GA Drew 3 2019-11-21 False M001159 Rep. McMorris Rodgers, Cathy [R-WA-5] Cathy Rodgers R WA McMorris 5 2019-11-26 False P000607 Rep. Pocan, Mark [D-WI-2] Mark Pocan D WI 2 2019-12-12 False A000371 Rep. Aguilar, Pete [D-CA-31] Pete Aguilar D CA 31 2020-01-08 False S001216 Rep. Schrier, Kim [D-WA-8] Kim Schrier D WA 8 2020-02-25 False K000381 Rep. Kilmer, Derek [D-WA-6] Derek Kilmer D WA 6 2020-03-13 False E000296 Rep. Evans, Dwight [D-PA-3] Dwight Evans D PA 3 2020-11-16 False N000147 Del. Norton, Eleanor Holmes [D-DC-At Large] ELEANOR NORTON D DC HOLMES 0 2020-12-02 False Taxation Building construction Historic sites and heritage areas Income tax credits Residential rehabilitation and home repair Tax-exempt organizations Taxation 00 2019-05-17 Introduced in House 2019-10-30T12:30:24Z Historic Tax Credit Growth and Opportunity Act of 2019

This bill increases the rehabilitation tax credit and modifies certain requirements for the credit.

The bill increases the rate of the credit to 30% for smaller projects (rehabilitation expenditures not exceeding $3.75 million) and caps the credit for such projects at $750,000 for all taxable years. The bill also allows taxpayers to transfer all or a portion of the credits that are allowable for smaller projects.

The bill expands the types of buildings eligible for rehabilitation by decreasing the rehabilitation threshold from 100% to 50% of project expenses. It also eliminates the basis adjustment requirement for the credit and modifies rules relating to the eligibility of tax-exempt use property for the credit.

]]> Historic Tax Credit Growth and Opportunity Act of 2019 Display Title Historic Tax Credit Growth and Opportunity Act of 2019 Official Title as Introduced To amend the Internal Revenue Code of 1986 to modify the rehabilitation credit for certain small projects, to eliminate the requirement that the taxpayer's basis in a building be reduced by the amount of the rehabilitation credit determined with respect to such building, and for other purposes. Introduced in House IH Short Title(s) as Introduced Historic Tax Credit Growth and Opportunity Act of 2019 Introduced in House IH Introduced in House 2019-05-17T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr2825ih/xml/BILLS-116hr2825ih.xml 2019-05-17 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.