[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2262 Introduced in House (IH)]







106th CONGRESS
  1st Session
                                H. R. 2262

To amend the Internal Revenue Code of 1986 to restore the deduction for 
   the cost of demolishing structures other than certified historic 
     structures and other than historically residential structures.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             June 17, 1999

Mrs. Johnson of Connecticut (for herself, Mr. Blumenauer, Mr. Bereuter, 
  Mr. Shays, and Mr. Maloney of Connecticut) introduced the following 
      bill; which was referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
To amend the Internal Revenue Code of 1986 to restore the deduction for 
   the cost of demolishing structures other than certified historic 
     structures and other than historically residential structures.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. RESTORATION OF DEDUCTION FOR COSTS OF DEMOLISHING STRUCTURES 
              OTHER THAN CERTIFIED HISTORIC STRUCTURES AND OTHER THAN 
              HISTORICALLY RESIDENTIAL STRUCTURES.

    (a) In General.--So much of section 280B of the Internal Revenue 
Code of 1986 (relating to demolition of structures) as precedes 
paragraph (1) is amended to read as follows:

``SEC. 280B. DEMOLITION OF CERTIFIED HISTORIC STRUCTURES AND 
              HISTORICALLY RESIDENTIAL STRUCTURES.

    ``(a) In General.--In the case of the demolition of any certified 
historic structure or historically residential structure--''.
    (b) Certified Historic Structure; Historically Residential 
Structure.--Section 280B of such Code is amended by adding at the end 
the following new subsection:
    ``(b) Certified Historic Structure; Residential Structure.--For 
purposes of this section--
            ``(1) Certified historic structure.--The term `certified 
        historic structure' means--
                    ``(A) a certified historic structure (as defined in 
                section 47(c)(3)), and
                    ``(B) any building (and its structural components) 
                which is designated as a certified historic structure 
                by the appropriate agency of a State or local 
                government.
            ``(2) Historically residential structure.--The term 
        `historically residential structure' means any building (other 
        than a certified historic structure) and its structural 
        components if the first use of such building after its initial 
        construction was for residential purposes.''
    (c) Clerical Amendment.--The item relating to section 280B in the 
table of sections for part IX of subchapter B of chapter 1 of such Code 
is amended to read as follows:

                              ``Sec. 280B. Demolition of certified 
                                        historic structures and 
                                        historically residential 
                                        structures.''
    (d) Effective Date.--The amendments made by this section shall 
apply to demolitions commencing after the date of the enactment of this 
Act.
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